EVERG SERVICES (06666) received a clearance letter from the liquidator, where the controlling shareholder plans to sell 51% of the shares. Trading will resume on September 12th.

EVERG SERVICES (06666) issued an announcement that on September 10, 2025, the company received correspondence from the liquidators of EVERGRANDE Group (in liquidation) (EVERGRANDE) and CEG Holdings (BVI) Limited (in liquidation) (CEG Holdings), both collectively and individually. As of the date of this announcement, EVERGRANDE and CEG Holdings are the controlling shareholders of the company, holding 51.016% of the company's issued share capital directly or indirectly. The correspondence stated that the liquidators have been seeking opportunities to sell the company's shares held by EVERGRANDE and CEG Holdings. According to the correspondence, the liquidators have entered into confidentiality agreements with interested parties regarding potential transactions. On September 9, 2025, the liquidators received non-binding indicative offers from some of the interested parties. However, the potential transactions are still in the preliminary stages, and the liquidators have not entered into negotiations with any interested parties. The correspondence further stated that the liquidators intend to invite selected interested parties to submit final proposals for the potential transactions around November 2025. They will then negotiate the terms of the final transaction documents with these interested parties to reach a binding agreement on the potential transactions. In accordance with Practice Note 24 of the Takeovers Code, the offer period will commence on the date of this announcement (September 11, 2025) as the liquidators are actively seeking potential buyers for the controlling stake. The company has applied to the Stock Exchange to resume trading of its shares on the Stock Exchange starting from 9 am on September 12, 2025.