19 Tai Seng Avenue (ESR-REIT)Artist's Impression of 19 Tai Seng Avenue (ESR-REIT)

ESR Group Limited (ESR) and its subsidiaries have acquired 654,546 shares in ESR-LOGOS Funds Management (S) Limited, the manager of ESR-LOGOS REIT (E-LOG).

The units were acquired from Tong Jinquan, who held them via his wholly-owned subsidiary, Shanghai Summit Pte Ltd.

Additionally, ESR is also in the process of acquiring 189.97 million units of ESR-LOGOS REIT from Tong Jinquan, who is holding these via his wholly-owned subsidiary, Leading Wealth Global Inc.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.