Evergrande Property Services Sees HK$4.098 Billion in Warehouse Holdings as Shareholder Deposits 4.384 Billion Shares with KGI Securities Asia

Stock News08:36

According to the latest information from the Hong Kong Stock Exchange, on November 4, Evergrande Property Services (06666) experienced a position anomaly, with total warehouse holdings valued at HK$4.098 billion, accounting for 40.54%. The company's shareholder deposited 4.384 billion shares with KGI Securities Asia, increasing their shareholding ratio by 40.55%.

Evergrande Property Services announced that China Evergrande and its subsidiary CEG Holdings have entered into a share purchase agreement with an offeror under PAG, planning to sell a total of approximately 5.515 billion shares, representing approximately 51.016% of the total issued shares, for a total cash consideration of approximately HK$4.026 billion; the offeror will additionally acquire the shares held by CEG Holdings at HK$0.7271 per share and assume its tax and other liabilities totaling RMB 500 million, bringing the total acquisition cost to approximately HK$4.5 billion; after the transaction is completed, PAG will launch a mandatory unconditional cash offer to the remaining shareholders at HK$0.8359 per share.

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