HK Stock Market Move | EVERG SERVICES (06666) rose nearly 5% in late trading on reports that PAG plans to acquire a majority stake in EVERG SERVICES exclusively.

EVERG SERVICES (06666) rose nearly 5% in late trading. As of press time, it was up 4.39% at HK$1.19, with a turnover of HK$22.5112 million. On the news front, according to Guandian Real Estate Network, PAG is in exclusive negotiations with EVERGRANDE's liquidators to acquire a majority stake in EVERG SERVICES, and the two sides are currently discussing final terms. Sources said the negotiations are still ongoing and it cannot be determined whether a deal will be reached; the potential sale of EVERG SERVICES may help improve the recovery rate for EVERGRANDE's creditors. It is worth noting that EVERG SERVICES announced last week that the liquidators had received proposals from several potential buyers for the potential transaction; EVERGRANDE and CEG, as potential sellers, have signed an exclusivity agreement with a selected bidder, with the negotiation period running until October 27 of this year.