HK Stock Market Move | EVERG SERVICES (06666) rises over 9%, market expects EVERG SERVICES to welcome a new owner as early as May.
Evergrande Property Services Group Ltd (06666) surged over 9% again. As of the time of writing, it rose by 8.55% to 1.65 Hong Kong dollars, with a turnover of 61.4611 million Hong Kong dollars.
Everg Services (06666) surged by more than 9%, reaching 8.55% at the time of this report, trading at 1.65 Hong Kong dollars, with a trading volume of 61.4611 million Hong Kong dollars.
On the news front, on the evening of April 14th, Everg Services announced that Evergrande and CEG Holdings have signed an exclusive agreement with a potential buyer, and both parties will enter into exclusive negotiations for a period of 30 working days regarding the 51.016% equity stake in Everg Services. This means that if the negotiations go smoothly, Everg Services could potentially welcome a new owner as early as May.
It is worth noting that the market has been speculating about potential buyers, with companies like China Oceanwide Holdings Group and China Resources Land appearing in rumors, but both have since clarified their positions. In February of this year, there were market reports suggesting that Taikang Investment and Guangdong Tourism Holding were in talks to acquire Everg Services. According to industry sources, Everg Services has now selected Guangdong Tourism Holding for exclusive negotiations, defeating other bidders including PAG.
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