Evergrande Property Services provides August Rule 3.7 update; potential buyers invited, no binding deal signed

Bulletin Express08-20 20:48

Evergrande Property Services Group Limited on 20 August 2026 issued its scheduled monthly progress report under Rule 3.7 of Hong Kong’s Takeovers Code.

The company’s provisional liquidators have: 1. Invited several prospective purchasers to complete due-diligence reviews of the Group and lodge non-binding proposals for the contemplated transaction (“Potential Transaction”) by September 2026. 2. Confirmed that, as of the announcement date, no formal or legally binding agreements have been executed with any party, and no timetable has been set for signing definitive documentation.

Pursuant to Rule 3.7, Evergrande Property Services will continue to publish monthly updates until either a firm intention to make an offer is announced under Rule 3.5 or a decision is taken not to proceed.

Management reiterated that there is no assurance the talks will lead to a transaction and urged shareholders and potential investors to exercise extreme caution when dealing in the company’s securities.

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