ESR(HK:01821) Xin Lang Cai Jing·2025-07-04 10:27Core Viewpoint - ESR, Asia's largest logistics real estate company, has officially delisted from the Hong Kong Stock Exchange and transitioned into a privately held entity, marking a significant step in its privatization process [1][2] Group 1: Privatization Process - The privatization proposal was approved under Section 86 of the Companies Law and will take effect on June 30, 2025, following court approval on June 20 [1] - As of June 30, ESR received valid acceptances for approximately 99.3% of its total share options, indicating strong support for the privatization [1] Group 2: Management Changes - Following privatization, ESR has undergone a significant management overhaul, with Brett Robson appointed as the independent board chairman and Phil Pearce as president [2][3] - New appointments also include Matthew Lawson as CFO, Josh Daitch as Chief Investment Officer, and David Matheson as Chief Investment Officer for Group Strategy and Investment [3][4] Group 3: Strategic Focus - ESR aims to accelerate its strategic transformation post-privatization, focusing on core logistics and data center business areas to leverage its platform advantages in the Asia-Pacific region [2][7] - The management changes are intended to align with long-term strategic goals, allowing for more flexibility in decision-making without the pressures of public market performance [7][8] Group 4: Employee Transition - Employees have been informed about the privatization process, with company-controlled desktop settings to address potential concerns regarding the transition [5][6] - The new management team is expected to enhance operational efficiency and attract top talent through improved compensation and career development opportunities [8]