China Evergrande enters exclusivity agreement for potential sell-down of stake in property services unit

Evergrande Property Services

30/09/2026 11:21

Sept 30 (Reuters) - Evergrande Property Services 6666.HK on Wednesday said China Evergrande Group and CEG Holdings (BVI), its controlling shareholders, have entered an exclusivity agreement with a selected bidder for a potential sale of their shares in the company. 
Here are some more details: 
China Evergrande Group, once China's premier developer, has defaulted on most of its $300 billion liabilities and is currently managed by liquidators. 
The signing of the exclusivity deal comes a year after the liquidators of the two parties informed the indebted property developer that they were seeking to sell their shareholdings in the company totalling 51.016%.
The parties have agreed to conduct exclusive negotiations in relation to the potential transaction for a period ending on October 27, Evergrande Property Services said.
Negotiations are ongoing and parties have not entered any formal agreement, the property services unit added.
Evergrande Property Services did not disclose the details of the selected bidder.

(Reporting by Sherin Sunny in Bengaluru; Editing by Jonathan Ananda)
((Sherin.Sunny@thomsonreuters.com;))