PAG to buy 51% stake in Evergrande Property Services for $514 million
October 31, 2026
Marsares Editorial Team
PAG is poised to acquire a controlling 51% stake in Evergrande Property Services Group for HK$4.03 billion, marking a notable transaction at a significantly discounted share price. After the trading resumption, PAG's subsidiary will be mandated to pursue the purchase of the remaining shares. This strategic move is intended to aid Evergrande's liquidators in recovering funds owed to its creditors amidst the company's ongoing financial turmoil.
Source: ET Realty