Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, October 27
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Evergrande’s liquidators hire UBS and Citic to sell US$1.1 billion property service subsidiary
    Property

    Evergrande’s liquidators hire UBS and Citic to sell US$1.1 billion property service subsidiary

    August 13, 20252 Mins Read


    Liquidators of China Evergrande Group, the developer whose default in 2021 set off a broader years-long property debt crisis, has hired bankers to sell a property management unit after previous attempts failed, people familiar with the matter said.
    The court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group, according to the people, who requested not to be named because the information is private.
    The move comes as China Evergrande Group announced its delisting on Tuesday. The talks are preliminary and could be subject to change, the people added. Evergrande did not respond to a request for comment. UBS and Citic declined to comment, while the liquidators could not immediately respond.

    Evergrande Property Services plays a key role in asset recovery for creditors, and the firm is being given “the highest priority” in terms of attention, the liquidators said on Tuesday. Its HK$9 billion (US$1.1 billion) market value and 12.8 billion yuan (US$1.8 billion) in revenue from last year “represents a very substantial potential source of value,” they added.

    The firm reported net income of 1 billion yuan in 2024, according to its annual report. It had 3,000 projects under the operation.

    Still, any sale faces no shortage of hurdles. Shares in the unit have plummeted about 96 per cent from a peak in 2021 and have traded as a penny stock for several years now. The company said the liquidation of its parent, China Evergrande Group, has weighed on brand perception, market expansion and project operations.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWealth manager Choreo discloses first Bitcoin ETF holdings
    Next Article Real reason UK homes don’t have air conditioning and how much it costs to run

    Related Posts

    Property

    Indonesia Seeks China’s Support for Global Royalty System Proposal

    October 26, 2025
    Property

    11 fire engines at Rickinghall thatched property blaze

    October 26, 2025
    Property

    What £1,000,000 buys across the UK — from city apartments to seaside escapes

    October 26, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Ce trader perd près de 100 millions de dollars en une semaine sur le Bitcoin (BTC)

    May 30, 2025
    Property

    Henderson to re-open UK Property fund after disposals

    August 25, 2024
    Bitcoin

    Bitcoin Bulls Fail Again, but There Is Still Hope

    July 12, 2024
    What's Hot

    À l’occasion du Finance Magnates Africa Summit, Axi présente son programme d’allocation de capital, Axi Select

    June 6, 2025

    S&P/TSX composite finishes about 130 points higher

    August 29, 2025

    Can Singapore’s property market withstand US tariffs, trade wars and global market mayhem?

    April 9, 2025
    Most Popular

    facteurs stimulant sa croissance à long terme

    March 21, 2025

    Utilities Down as Treasury Yields Tick Up — Utilities Roundup

    August 15, 2025

    Grifols shares up on potential takeover by Brookfield By Investing.com

    August 21, 2024
    Editor's Picks

    Cathie Wood’s Ark And BlackRock Dump Bitcoin as Veteran Trader Predicts BTC Price Crash

    August 19, 2025

    Blackstone gets US$8 billion in commitments for property debt fund

    March 7, 2025

    DC FinTech Week explores regulatory concerns, innovations in finance technology

    October 31, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.