Aankondiging • Jul 02

Warburg Pincus LLC, Starwood Capital Group Management, L.L.C., Sixth Street Partners, LLC, SSW Partners, LP, Qatar Investment Authority, Stuart Gibson and Jinchu Shen completed the acquisition remaining 60.09% stake in ESR Group Limited (SEHK:1821) from APG Strategic Real Estate Pool NV managed by APG Asset Management NV, OMERS Administration Corporation, Sumitomo Mitsui Banking Corporation and Hwee Chiang Lim.

Warburg Pincus LLC, Starwood Capital Group Management, L.L.C., Sixth Street Partners, LLC, SSW Partners, LP, Qatar Investment Authority, Stuart Gibson and Jinchu Shen agreed to acquire remaining 60.09% stake in ESR Group Limited (SEHK:1821) from APG Strategic Real Estate Pool NV managed by APG Asset Management NV, OMERS Administration Corporation, Sumitomo Mitsui Banking Corporation and Hwee Chiang Lim for HKD 55.36 billion on December 4, 2024. As part of the acquisition approximately 2.55 billion shares are acquired. The Scheme will provide that, if it becomes effective, the Scheme Shares will be cancelled in exchange for either - Cash Alternative: Cancellation Price of HK$13.00 for every Scheme Share held or Share Alternative: one EquityCo Share for every Scheme Share held or Shareholders may elect the Cash Alternative or the Share Alternative or a combination of both the Cash Alternative and the Share Alternative in a proportion of their choosing as the form of Cancellation Consideration in respect of their entire holdings of Scheme Shares. However, the deal is considered as a cash deal, because the EquityCo is a newly created entity for the purpose of execution of the deal only. As part of consideration, The Offeror is financing the entire cash amount required for the Proposal from the New Money Subscription Consideration from the New Money Consortium Members and the Offer Facility. The subscription amount is equivalent to HKD 16.7 billion ($2.1 billion) and the remaining part of the consideration will be funded from a loan facility of up to HKD 11.7 billion ($1.5 billion) made available to the Offeror by MUFG Bank, Ltd., Singapore Branch, Mizuho Bank, Ltd. and United Overseas Bank Limited. The Board of Directors of ESR Group Limited formed a special committee for the transaction. The deal is conditional upon passing by the Shareholders at the EGM of a special resolution and court approval. As of January 8, 2025, As additional time is required for (i) the fulfilment of the Pre-Conditionsand (ii) preparing and finalizing certain information to be included in the Scheme Document, an application for consent has been made by the Company to the Executive for an extension of the time limit for despatching the Scheme Document and the Executive has granted consent to such extension to a date that is no later than seven days after the satisfaction or valid waiver of all the Pre-Conditions or 11 September 2025, whichever is the earlier. As of May 15, 2025, The Offeror has received the requisite approvals from the United Kingdom Financial Conduct Authority, the New Zealand Overseas. all of the Pre-Conditions have been fulfilled. With all the Pre-Conditions having been fulfilled, the implementation of the Proposal is only subject to the satisfaction or valid waiver (as applicable) of the Conditions, which include, amongst others, the approval of the Scheme at the Court Meeting. Investment Office, the SFC, the Monetary Authority of Singapore, the Guernsey Financial Services Commission, and the Korea Fair Trade Commission. On May 15. 2025, the Offeror received an additional irrevocable undertaking from John Edward Marsh. JM and his affiliates are interested in 32,074,310 Shares in aggregate, representing approximately 0.76% of the total issued share capital of the Company and approximately 1.26% of the Scheme Shares held by the Disinterested Shareholders as at the date of this announcement. On 7 March 2025, the Offeror received a non-binding letter of support from each of SK Inc. (“SK”) and MY.Alpha Management HK Advisors Limited (“MY.Alpha”), who is interested in 101,539,292 Shares (representing approximately 2.39% of the issued share capital of the Company and approximately 3.98% of the Shares held by Disinterested Shareholders) and 45,694,700 Shares (representing approximately 1.08% of the issued share capital of the Company and approximately 1.79% of the Shares held by Disinterested Shareholders). On April 28, 2025, the Grand Court of the Cayman Islands has directed a meeting of the Scheme Shareholders to be convened for the purpose of considering and, if thought fit, approving, with or without modification, a scheme of arrangement (the “Scheme”) proposed to be made between the Company and the Scheme Shareholders and that the Court Meeting will be held at 10:00 am (Hong Kong time) on Friday, June 13, 2025. The Scheme will be subject to the subsequent sanction of the Court. The scheme is expected to be effective on June 30, 2025. As of June 8, 2025, The Straits Trading Company announced as sought a confirmation that SGX-ST has no objection in granting the Company a waiver from compliance with Listing Rule 1014(2) with regards to the Proposed Transaction (the “Waiver”). As of June 20, 2025 The Scheme was sanctioned by the Court. Morgan Stanley Asia Limited, Deutsche Bank Aktiengesellschaft, Goldman Sachs LLC and UBS Group AG acted as financial advisors to the offerors. Citigroup Inc. acted as financial advisor for ESR Group Limited. Linklaters advises on the financing for the proposed take-private of ESR Group. Amy Beckingham, Simon Cooke, Terris Tang, Richard Watkins, Stephen Shi, Michael Ning, Clare Scott, Elyn Xing, Simon Hawkins, Farhana Sharmeen, Andrew Bishop, Christopher D. Frey, Helen Lethaby, Max Hauser, Jana Dammann, Ruchi Gill, Kendall Burnett, Sarah Gadd and Sharon Lau of Latham & Watkins LLP and Joey Chau, Daniel Borg, Lloyd Robertson-Jones, Annette Baillie, James Collins, Brian Ho, Andrew McAlpine, Nelson Ni, Tian Sun, Art Ward, Paul Sampson, Matthew Jobson, Alex Brodkin, Jonathan A. Schechter, P.C., Christopher L. Hartmann, P.C., Andrew F. Shiner, David L. Perechocky, Sky Kim and Satyen Dhana of Kirkland & Ellis acted as legal advisors to the buyers. Citigroup Global Markets Asia Limited acted as financial advisor, and Edward Freeman, Grace Huang, Danny Li, Cindy Kwong, Matthew O’Callaghan, Stephanie Chiu, Christine Laciak, Aimen Mir, Alastair Mordaunt, Laurent Bougard, Daniel Cendan and Matthew Haggans of Freshfields Bruckhaus Deringer LLP, Hong Kong acted as legal advisors to ESR Group. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Sixth Street Partners, LLC. Anglo Chinese Corporate Finance, Limited acted as financial advisor to Independent Board Committee of ESR Group. Computershare Hong Kong Investor Services Limited acted as registrar to ESR Group Limited. Warburg Pincus LLC, Starwood Capital Group Management, L.L.C., Sixth Street Partners, LLC, SSW Partners, LP, Qatar Investment Authority, Stuart Gibson and Jinchu Shen completed the acquisition remaining 60.09% stake in ESR Group Limited (SEHK:1821) from APG Strategic Real Estate Pool NV managed by APG Asset Management NV, OMERS Administration Corporation, Sumitomo Mitsui Banking Corporation and Hwee Chiang Lim on June 30, 2025. As a result of the Acquisition, the Consortium will indirectly own 100% of the Manager and will therefore become an associate of the Manager and a connected person of Fortune REIT.

Percentage CEO-salaris	n/a
Dienstverband CEO	less than a year
Eigendom CEO	n/a
Management gemiddelde ambtstermijn	less than a year
Gemiddelde ambtstermijn bestuur	3.8yrs

Naam	Positie	Tenure	Compensatie	Eigendom
Gek Khim Chew	Executive Chairman	18.2yrs	S$1.22m	0.18% € 905.6k
Lam Khong	Co-Group Chief Executive Officer	less than a year	geen gegevens	geen gegevens
Chen Lee	Co-Group Chief Executive Officer	less than a year	geen gegevens	geen gegevens
Chan Hong	Group Financial Controller	less than a year	geen gegevens	geen gegevens
Heng Chew Teng	Group Chief Operating Officer	3.3yrs	geen gegevens	geen gegevens
Ashley Loe	Chief Investment Officer	no data	geen gegevens	geen gegevens
Travis Tan	Head of Investor Relations & Shareholders Club	1.1yrs	geen gegevens	geen gegevens
Hwei Yee Tan	Chief Asset Management and Development Officer & Head of Sustainability	no data	geen gegevens	geen gegevens
Joon-Arn Chiang	Head of FIR-STTM Corporate Ventures	no data	geen gegevens	geen gegevens
Darren Wang	Deputy Chief Executive Officer of Straits Investment Management	no data	geen gegevens	geen gegevens
Siew Yen Aw	Company Secretary	less than a year	geen gegevens	geen gegevens
Chee Leong Lun	Company Secretary	less than a year	geen gegevens	geen gegevens

Naam	Positie	Tenure	Compensatie	Eigendom
Gek Khim Chew	Executive Chairman	18.2yrs	S$1.22m	0.18% € 905.6k
Gary Weiss	Non-Independent & Non-Executive Director	less than a year	geen gegevens	geen gegevens
Tian Yee Ho	Independent & Non-Executive Director	2.8yrs	S$137.00k	geen gegevens
Cheng-Soon Lau	Independent & Non-Executive Director	3.8yrs	S$104.50k	geen gegevens
Tian Chu Chua	Independent & Non-Executive Director	8.3yrs	S$120.50k	0.016% € 81.0k
Gek Hiang Chew	Non-Independent & Non-Executive Director	18.1yrs	S$93.00k	0.0049% € 25.1k
Chuan Seng Lee	Independent & Non-Executive Director	3.1yrs	S$77.00k	geen gegevens
Chian Khong Tan	Lead Independent Director	8.3yrs	S$129.00k	geen gegevens
Diaan Yi Lin	Independent & Non Executive Director	2yrs	S$75.00k	geen gegevens

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/05/20 17:27
Aandelenkoers aan het einde van de dag	2026/05/20 00:00
Inkomsten	2025/12/31
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Analist	Instelling
Wei Le Chung	DBS Bank Ltd
Tzum Yung Loh	UOB Kay Hian Research Pte Ltd

Straits Trading Beheer

Beheer criteriumcontroles 1/4

Belangrijke informatie

Recente managementupdates

The Straits Trading Company Limited Announces the Resignation of Gan Chi Siew as Company Secretary, Effective from 3 October 2025

The Straits Trading Company Limited, Annual General Meeting, Apr 29, 2025

The Straits Trading Company Limited Announces Change of Company Secretaries

The Straits Trading Company Limited Approves Appointment of Ms Lin Diaan Yi as Independent and Non-Executive Director

The Straits Trading Company Limited, Annual General Meeting, Apr 30, 2024

The Straits Trading Company Limited Announces Appointment of Mr. Ho Tian Yee as Independent and Non-Executive Director with Effect from July 1, 2023

Recent updates

The Straits Trading Company Limited announces Annual dividend, payable on June 30, 2026

The Straits Trading Company Limited to Report Fiscal Year 2025 Results on Feb 27, 2026

The Straits Trading Company Limited Announces the Resignation of Gan Chi Siew as Company Secretary, Effective from 3 October 2025

The Straits Trading Company Limited to Report First Half, 2025 Results on Aug 14, 2025

The Straits Trading Company Limited announces Annual dividend, payable on June 30, 2025

The Straits Trading Company Limited, Annual General Meeting, Apr 29, 2025

The Straits Trading Company Limited Announces Change of Company Secretaries

First half 2024 earnings released: EPS: S$0.012 (vs S$0.033 in 1H 2023)

The Straits Trading Company Limited to Report First Half, 2024 Results on Aug 12, 2024

The Straits Trading Company Limited Approves Appointment of Ms Lin Diaan Yi as Independent and Non-Executive Director

Upcoming dividend of S$0.08 per share

Full year 2023 earnings released: S$0.064 loss per share (vs S$1.27 profit in FY 2022)

The Straits Trading Company Limited to Report Fiscal Year 2023 Results on Feb 27, 2024

The Straits Trading Company Limited, Annual General Meeting, Apr 30, 2024

Full year 2023 earnings released: S$6.40 loss per share (vs S$1.27 profit in FY 2022)

New minor risk - Shareholder dilution

First half 2023 earnings released: EPS: S$0.033 (vs S$1.32 in 1H 2022)

The Straits Trading Company Limited to Report First Half, 2023 Results on Aug 14, 2023

New major risk - Dividend sustainability

The Straits Trading Company Limited Announces Appointment of Mr. Ho Tian Yee as Independent and Non-Executive Director with Effect from July 1, 2023

The Straits Trading Company Limited Announces Resignation of Tan Wei Tze as Group Financial Controller

Upcoming dividend of S$0.08 per share at 3.6% yield

Full year 2022 earnings released

Full year 2022 earnings released: EPS: S$1.27 (vs S$0.49 in FY 2021)

Insufficient new directors

First half 2022 earnings released

Independent & Non-Executive Director recently bought €62k worth of stock

Insufficient new directors

Upcoming dividend of S$0.08 per share

Full year 2021 earnings released: EPS: S$0.58 (vs S$0.13 in FY 2020)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

ESR Cayman Limited (SEHK:1821) (ESR) completed the acquisition of ARA Asset Management Limited (ARA) from a group of investors.

Full year 2020 earnings released: EPS S$0.13 (vs S$0.21 in FY 2019)

Joint Company Secretary has left the company

Joint Company Secretary has left the company

Revenue beats expectations

Full year 2020 earnings released

The Straits Trading Company Limited to Report Fiscal Year 2020 Results on Feb 25, 2021

The Straits Trading Company Limited, Annual General Meeting, Apr 30, 2021

Company Secretary has left the company

The Straits Trading Company Limited Announces Change of Company Secretary

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