Evergrande Property Services falls as CEG receives liquidation order

China Evergrande New Energy Vehicle

14/01/2025 07:02

** Evergrande Property Services Group  6666.HK  falls 4.9%
to HK$0.77; set for biggest one-day pct drop since Oct. 17, 2024
    ** Stock on track to snap two straight sessions of gains
    ** Parent co China Evergrande  3333.HK  said a court in Hong
Kong ordered one of its key offshore units, CEG Holdings, to be
wound up - the latest in a slew of legal victories for the
embattled developer's liquidator
    ** CEG holds 49.8% of Evergrande Property Services Group
    ** Trading in China Evergrande, halted since Jan. 29, 2024,
will remain suspended
    ** Evergrande Property Services Group gained 54.6% in 2024

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))