ESR Group Limited (HK:1821) has released an update.
ESR Group Limited is potentially going private, as revealed by the disclosure of securities dealings under the Hong Kong Code on Takeovers and Mergers. Morgan Stanley, acting as a connected associate to the offeror, engaged in significant hedging activities, involving the purchase and sale of ESR shares driven by client orders. The dealings included a purchase of 963,800 shares and sales totaling 89,600 shares, at varied price points.
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