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Evergrande liquidators to sell property services stake

Evergrande liquidators entered an exclusivity agreement with a bidder to sell a majority stake in the property services unit. The deal was disclosed on Tuesday.

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Liquidators for CHINA EVERGRANDE GROUP have reached a preliminary agreement to divest a significant portion of the company's property management business. According to a regulatory filing released on Tuesday, the liquidators have entered into an exclusivity agreement with a selected bidder regarding the sale of a majority stake in EVERGRANDE PROPERTY SERVICES.

A view of apartment complexes built by China Evergrande Group in Beijing following the court-mandated liquidation of the company, taken on January 29, 2024. REUTERS/Florence Lo
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