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PAG to acquire 51.02% Evergrande Property Services stake for HK$4.03 billion

Oct 30, 2026 01:34 (13h ago)

PAG agreed to acquire a controlling stake in Evergrande Property Services from China Evergrande and CEG Holdings.
The 51.02% stake is valued at HK$4.03 billion, or US$513 million.
The transaction is the largest asset sale to date by Evergrande’s liquidators.

Hong Kong-based private-equity firm PAG has agreed to acquire a 51.02% stake in Evergrande Property Services from China Evergrande and CEG Holdings through Everest Holdings I Limited for HK$4.03 billion, or US$513 million. The transaction would make PAG the property-management unit’s controlling shareholder and represents the largest asset sale to date by the liquidators of collapsed China Evergrande Group. Evergrande Property Services, listed under stock code 6666, announced the agreement on October 30 after a one-day trading suspension. The company was down 7.17% in the filing’s market-data display.