The Zhitong Finance App learned that Evergrande Property (06666) resumed trading and opened more than 11% lower. As of press release, it decreased by 11.39% to HK$1.05, with a turnover of HK$2,757,800.

According to the news, Evergrande Property announced that the investment holding platform owned by Taimeng Investment has signed agreements with China Evergrande and CEG Holdings to acquire a share of Evergrande Property's 5,515 billion shares (51.016%) for HK$4,026 billion and become the new controlling shareholder. China Evergrande and CEG Holdings will withdraw from shareholding.

It is worth noting that according to previous market speculations, Taimeng may inject Wanda commercial management assets into Evergrande Properties to achieve a curved online listing. The Daily Economic News reporter learned from people familiar with the matter that Taimeng has no plans for asset mergers or business restructuring, and the above market rumors are untrue. In the future, Evergrande Property will operate independently and completely cut off from Evergrande Group, and Taimeng will continue to enhance Evergrande Property's operating capabilities.

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