ESR privatization proposal advances; incentive scheme details emerge

ESR Group Limited [HKEX:1821] is moving forward with its pre-conditional proposal for privatization via a scheme of arrangement, as detailed in a joint announcement. While most pre-conditions are met, approvals from the Treasurer of the Commonwealth of Australia and the Shanghai Municipal Financial Regulatory Bureau remain outstanding. The company and the Offeror are actively engaging with governmental authorities to expedite the satisfaction of these conditions.