Since ESR Cayman has the irrevocable undertakings of its major shareholders for the merger with ARA Asset Management in a largely share transaction, the shape of the enlarged entity is starting to take shape, with an EGM set for Nov 3, at 10am.

The transaction amount remains the much on same terms as indicated in the Aug 4 announcement.

Under terms of the proposed deal, ESR Cayman will pay US$5.19 billion for ARA Asset Management.

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