China Evergrande Group and CEG Holdings (BVI), the controlling shareholders of Evergrande Property Services, have entered an exclusivity agreement with a selected but unidentified bidder for a potential sale of their combined 51.016% stake. Exclusive negotiations are scheduled to run through Oct. 27, marking the first specific timetable disclosed by the company, but no formal agreement has been signed. The process follows liquidators’ efforts to sell the holdings as China Evergrande remains managed by liquidators after defaulting on most of its $300 billion in liabilities.