Evergrande Property has selected the intended buyer and is currently negotiating the terms of the transaction with Evergrande liquidators.

On April 13th and 14th, Xu Jiayin, the Chairman of China Evergrande Group, was in court for two days at the Shenzhen Intermediate Court. Around the same time, the liquidator for the equity held by China Evergrande in Evergrande Property Group Limited has chosen a final potential buyer. Caixin has learned that Guangdong Provincial Tourism Holding Group Co., Ltd. is in final negotiations with the liquidator of China Evergrande. Guangdong Provincial Tourism Holding is a state-owned enterprise in Guangdong Province, with businesses covering hotel investment and operation, scenic spots and other six major sectors, including more than 20 brands such as White Swan Hotel, Baiyun Hotel, Guangdong China Travel, and others. According to Caixin, the acquisition of Evergrande Property's equity by Guangdong Provincial Tourism Holding was initially coordinated and promoted by local government departments.