Hong Kong Stock Movement: Evergrande Property Services (06666) Surges Over 6%, Discussions with Potential Buyer Still Ongoing

Stock News
3 hours ago

According to Zhitong Finance APP, Evergrande Property Services (06666) jumped over 6%, rising 6.11% to HK$1.215 as of press time, with a turnover of HK$2.3555 million.

On the news front, Evergrande Property Services issued an announcement on Wednesday stating that it was informed by the liquidators that the liquidators have received proposals submitted by several potential buyers regarding the potential transaction. China Evergrande and CEG Holdings (collectively referred to as the potential sellers) have entered into an exclusivity agreement with a selected bidder (the potential buyer). Under the agreement, the potential sellers and the potential buyer have agreed to engage in exclusive negotiations regarding the potential transaction, with the negotiation period ending on October 27. Currently, discussions between the potential sellers and the potential buyer are still ongoing, and both parties are negotiating the terms of a formal sale and purchase agreement for the potential transaction. As of now, the two parties have not entered into any formal sale and purchase agreement regarding the potential transaction. The timing for the signing of any definitive transaction documents has not yet been determined.

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