, APAC
644 views
Photo from Shutterstock

ESR Group privatisation bid gains Qatar sovereign wealth fund’s backing

The wealth fund’s owned company holds 127.3 million shares in the ESR Group.

Qatar Holding LLC, a company owned by Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has joined the consortium aiming to take Hong Kong-listed ESR Group private.

Qatar Holding LLC holds 127.3 million shares or a 3.0% stake in ESR Group.

In a bourse filing in the HKEX, ESR Group said Qatar Holding LLC has also backed the updated non-binding proposal from the consortium.

Under the updated proposal, shareholders can receive cash, roll their shares into the private company, or opt for a combination of both.
 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK unemployment rate steady at 3.1%
The underemployment rate also stayed at 1.1%.
Economy
Population inches up 0.1% in 2024
It was driven by a net inflow of 21,000 residents.
Economy
HK credit card receivables rebound 7.9% to $162.2b in Q4 2024
The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador.