South Korean conglomerate SK Holdings has pared its holding in Hong Kong-listed global logistics real estate firm ESR Cayman Ltd through a block deal for HK$3.15 billion ($406 million), the firm said on September 17.
Seoul-based SK Holdings sold 140 million shares, or a 4.6 per cent stake in the Asia Pacific-focused logistics real estate platform, at HK$22.5 ($2.9) apiece. SK Holdings retains a 6.4 per cent stake in ESR after the transaction.
