• PAG-backed Everest Holdings I agreed on October 28, 2026, to buy 51.02% of Evergrande Property Services for HK$ 4.03 billion.
• Sellers are China Evergrande Group and CEG Holdings, both in liquidation; Everest will pay another RMB 500 million toward CEG Holdings’ liabilities.
• Completion will trigger an offer for remaining shares at HK$ 0.8359 each, a 29.5% discount to the last closing price.
• Total payments could reach HK$ 9.04 billion with full offer acceptance; completion remains subject to conditions, including Chinese antitrust clearance.
• Everest intends to retain the listing, with no major changes planned for operations or employment beyond proposed board changes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evergrande Property Services Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261030-12388917), on October 29, 2026, and is solely responsible for the information contained therein.