[ET Net News Agency, 22 October 2019] ESR Cayman Limited (01821), the largest APAC
focused logistics real estate platform, said it plans to issue 653.68 million shares in a
global offering, of which 94.7% will be earmarked for international placing and the
remaining 5.3% are for Hong Kong public offer.
The indicative offer price range is between HK$16.20 and HK$17.40 per offer share.
Assuming the offer size adjustment option and the over-allotment option are not
exercised and the offer price is HK$16.80 per offer share (being the mid-point of the
price range), the gross proceeds from the global offering are estimated to be HK$10,982
million.
The Hong Kong public offer began today and ends at noon on 25 October. The final Offer
Price and allotment results will be announced on 31 October. Dealing of shares will
commence on the main board of stock exchange on 1 November.
Morgan Stanley Asia, Deutsche Bank AG, Hong Kong Branch, Citigroup Global Markets Asia,
Credit Suisse (Hong Kong) and Goldman Sachs (Asia) L.L.C are the joint global coordinators
of the proposed listing of ESR. Deutsche Securities Asia and CLSA Capital Markets are the
joint sponsors of the proposed listing of ESR. (KL)