Changes in Hong Kong stocks | Evergrande Property (06666) rose nearly 5% at the end of the session, and Taimeng Investment plans to exclusively acquire a majority stake in Evergrande Property

The Zhitong Finance App learned that Evergrande Property (06666) rose nearly 5% at the end of the session. As of press release, it rose 4.39% to HK$1.19, with a turnover of HK$22.512,000.

According to the news, according to Opinion Real Estate Network, Taimeng Investment Group (PAG) is in exclusive negotiations with the liquidator of China Evergrande to acquire a majority stake in Evergrande Property. Currently, the two sides are negotiating the final terms. Sources said that negotiations are still ongoing, and it is uncertain whether a deal will be reached; the potential sale of Evergrande properties may help increase the recovery rate of Chinese Evergrande creditors.

Notably, Evergrande Property announced last week that the liquidators have received proposals from several potential buyers for potential transactions; China Evergrande and CEG, as potential sellers, have signed an exclusive agreement with a selected bidder, and the negotiation period ends on October 27 this year.