ESR privatization progresses amidst regulatory hurdles and share transactions

ESR Group Limited (HKEX:1821) announced progress in its proposed privatization by MEGA BidCo through a scheme of arrangement, while also addressing the proposed withdrawal of its listing. As of April 7, 2025, the company has secured requisite approvals from the New Zealand Overseas Investment Office and the SFC, satisfying certain pre-conditions outlined in the initial Rule 3.5 Announcement dated December 4, 2024. Outstanding pre-conditions include approvals from the Treasurer of the Commonwealth of Australia and the Shanghai Municipal Financial Regulatory Bureau.