Evergrande Property Services: Potential Buyer Has Signed Exclusivity Agreement, Negotiation Period Ends October 27

Deep News
Yesterday

On September 30, Evergrande Property Services (06666.HK) issued a monthly update announcement pursuant to Rule 3.7 of the Hong Kong Code on Takeovers and Mergers, disclosing the latest progress of the company's potential transaction. According to the announcement, the company was informed by the liquidators that the liquidators have received proposals from several potential buyers regarding the potential transaction.

Meanwhile, China Evergrande and CEG Holdings (collectively the "Potential Sellers") have entered into an exclusivity agreement with one selected bidder (the "Potential Buyer"). Under this agreement, the Potential Sellers and the Potential Buyer have agreed to conduct exclusive negotiations regarding the potential transaction, with the negotiation period ending on October 27, 2026 (unless otherwise agreed or determined under the exclusivity agreement).

Currently, discussions between the Potential Sellers and the Potential Buyer are still ongoing, and both parties are negotiating the terms of a formal sale and purchase agreement for the potential transaction. As of the date of this announcement, the two parties have not entered into any formal sale and purchase agreement regarding the potential transaction, and the timing for signing any final transaction documents has not yet been determined.

Evergrande Property Services cautions that there is no assurance that the potential transaction will proceed or ultimately be completed, and the relevant discussions may not lead to a general offer. Shareholders and public investors are urged to exercise caution when dealing in the company's shares and other securities.

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