EVERG SERVICES Shares Surge Over 8% in Afternoon Trading Amid Ongoing Legal Proceedings and Sale Speculation

Stock News04-14

EVERG SERVICES (06666) saw its shares rise more than 8% during afternoon trading. By the time of writing, the stock had gained 4.31%, trading at HKD 1.21 with a turnover of HKD 83.5442 million. The movement follows recent developments in the legal proceedings involving the Evergrande group in the Shenzhen Intermediate People's Court, where founder Xu Jiayin pleaded guilty and expressed remorse during the first trial. Separately, the liquidators of China Evergrande and CEG Holdings continue to negotiate with interested bidders regarding the sale of their stake in EVERG SERVICES. Earlier in February, the liquidators indicated they had received new acquisition proposals and were evaluating potential buyers. Notably, speculation resurfaced in September 2025 that subsidiaries of China State Construction Engineering Group and China Resources Group had participated in the bidding. However, on March 27 this year, China Resources Mixc Lifestyle Services issued an announcement clarifying that it had deposited CNY 5.56 billion of idle funds in banks and stated that high-quality commercial or property management targets are relatively scarce, implying the company does not intend to acquire EVERG SERVICES.

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