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Oct 4 (Reuters) - ESR Pte Ltd, a unit of Asian logistics firm ESR Cayman Ltd, said it had taken an 18 percent stake in Propertylink Group, buying 60.2 million shares via off-market purchases.
Propertylink's (PLG) shares rose up to 8 percent to an all-time high after the real estate investment trust said on Wednesday that ESR Pte Ltd bought the stake.
ESR said in a statement that it intended to keep its options open in relation to investment in Propertylink, and hinted at a possibility of increasing its interest in the company.
PropertyLink had earlier rejected a takeover offer from fellow fund manager Centuria Capital Ltd (CNI).
Centuria Capital Group and Centuria Industrial REIT made the takeover after taking a 17 percent stake in Propertylink in early September.
Propertylink and Centuria Group declined to comment on the transaction.
News: UPDATE 1-Australia's Propertylink hits all time high after ESR buys stake
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Last
$2.29 |
Change
-0.015(0.65%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.30 | $2.28 | $96.78K | 42.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 18388 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 11702 | 7 |
View Market Depth
| Last trade - 10.30am 11/09/2025 (20 minute delay) ? |
| CNI (ASX) Chart |