Liquidators Agree Sale of China Evergrande Property Management Unit
The deal would give PAG control of the listed services unit and trigger a mandatory offer for the remaining shares, according to the filing.
- On Friday, October 30, 2026, Asia Pacific-focused investment firm PAG announced it will acquire a 51 per cent stake in Evergrande Property Services Group for HK$4.03 billion, or US$514 million.
- China Evergrande defaulted on most of its US$300 billion in liabilities six years ago following Beijing's property sector crackdown, and liquidators are now selling assets to recover US$46 billion in creditor claims.
- Evergrande Property shares dropped 13.5 percent on Friday after trading resumed following a Thursday suspension pending the announcement. The deal remains subject to Chinese antitrust approval, with a termination deadline of February 12, 2027.
- PAG intends to keep Evergrande Property listed in Hong Kong with no major operational changes, while the firm will cease all ties with its parent company upon closing. PAG will make an unconditional offer for remaining shares.
- This transaction marks the largest liquidation sale for the company to date. PAG will pay 500 million yuan at completion for taxes, transaction fees, and other liabilities of CEG Holdings.
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Free Malaysia Today NewsLiquidators agree sale of China Evergrande property management unit
Asia Pacific-focused investment firm PAG will buy a majority stake in Evergrande Property Service for HK$4 billion (US$514 million). The deal would be the largest liquidation sale of the firm to date.
Evergrande liquidators strike US$513 million deal to sell property services arm
Liquidators of China Evergrande Group have agreed to sell a controlling stake in its property management arm to investment firm PAG for HK$4.03 billion (US$513.6 million), as they seek to recover assets for creditors owed US$46 billion. The sale of a 51.016 per cent stake in Evergrande Property Services could give the profitable business a new controlling shareholder after its parent used billions of yuan of its bank deposits as collateral for l…
Investment firm PAG buys 51pc of Evergrande unit
Asia-focused investment firm PAG will acquire a 51 percent stake in Evergrande Property Services Group, a unit of debt-laden developer China Evergrande Group, for HK$4.03 billion, the two said in a joint announcement on Friday. The acquisition marks a major step in liquidators' efforts to sell assets and recover funds for creditors of China Evergrande, which received a combined US$46 billion in creditor claims. The sale follows a competitive auc…
Exclusive: PAG Moves to Buy Control of Evergrande Property Services
Exclusive: PAG Moves to Acquire Controlling Stake in Evergrande Property Services - The private equity firm plans a mandatory general offer but intends to keep the property manager listed in Hong Kong, sources say
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