Hong Kong Stocks Movement | EVERG SERVICES (06666) Surges Over 6% Again as EVERGRANDE Liquidator Receives Acquisition Offers, Company Expected to Separate from EVERGRANDE Group

Stock News09-19

EVERG SERVICES (06666) surged over 6% again, rising 3.51% to HK$1.18 as of press time, with trading volume reaching HK$64.05 million.

On the news front, EVERG SERVICES recently announced that EVERGRANDE's liquidator plans to sell a combined 51.016% stake held by EVERGRANDE and CGE Holdings in the company, and has received non-binding indicative offers from some interested parties. Subsequently, China Resources and CNOOC both denied takeover rumors.

According to the announcement, the liquidator will invite interested parties for negotiations around November to finalize transaction documents, at which time the identity of the new owner will be revealed.

Notably, EVERG SERVICES has been seeking to break away from its parent company EVERGRANDE Group. As early as November 2023, EVERG SERVICES' official WeChat account was renamed to "Jinbi Property Services." This move was interpreted by the industry as a signal that EVERG SERVICES was seeking to separate from EVERGRANDE Group and move toward independent operations.

Public information shows that EVERGRANDE and CEG Holdings currently remain the controlling shareholders of EVERG SERVICES, holding 51% of its issued share capital.

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