The Zhitong Finance App learned that Evergrande Property (06666) rose nearly 7% in the afternoon. As of press release, it rose 4.74% to HK$0.995, with a turnover of HK$28.3501 million.

According to the news, Evergrande Property issued an announcement stating that Taimeng Investment plans to acquire 51.016% of Evergrande Property's controlling interest from the liquidator at a total cost of HK$4,026 billion. After the transaction is completed, Taimeng Investment will become the new controlling shareholder of Evergrande Property and will launch a comprehensive takeover with other shareholders of Evergrande Property, with a maximum total amount of approximately HK$9.037 billion.

According to Taimeng Investment, Evergrande Property's core property management business comes from diverse managed property portfolios across China, has stable income and cash flow, and is an attractive platform that can create long-term value. After the acquisition is completed, apart from recommending board member adjustments, there are no plans to make major changes to Evergrande Properties' current business operations, or to make any major changes to the company's management and continuing employment.

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