PAG to buy 51% of Evergrande Property Services for HK$4.03 billion
Briefing by News4U · First published
Liquidators of China Evergrande Group agreed to sell a 51% stake in Evergrande Property Services Group to PAG for HK$4.03 billion, marking a major step in efforts to recover funds for creditors owed US$46 billion. [1] [2]
Sources
- Investment firm PAG buys 51pc of Evergrande unit
RTHK Finance · · Excerpt
- Evergrande liquidators sell controlling stake in property services unit for US$513 million
SCMP Business · · Summary only