Stock Track | EVERG SERVICES Soars 9.87% Intraday on Potential Ownership Change

Stock Track05-04

EVERG SERVICES (06666) saw its stock price soar 9.87% during intraday trading on Monday, as investors reacted positively to significant corporate developments.

The sharp increase follows the company's announcement of an exclusivity agreement with a potential buyer for a 51.016% stake in EVERG SERVICES. According to market reports, Guangdong Tourism Group has been selected for exclusive negotiations after outbidding other contenders, with the parties entering a 30-working-day negotiation period that could result in a new owner for the company as early as May.

Market speculation about potential buyers had been circulating for months, with names like China Overseas Land & Investment, China Resources Land, and PAG previously mentioned in rumors. The confirmation of exclusive negotiations with Guangdong Tourism Group has provided clarity and driven investor optimism about the company's future ownership structure.

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