Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, August 31
    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

    China ramps up credit support in overhaul of property market

    August 28, 2026
    Property

    China Housing Reform: China Overhauls Home Sales System to Reduce Delivery Risks Amid Property Crisis, ETRealty

    August 28, 2026
    Property

    UK residential property transactions fell 2% in July: HMRC – Mortgage Strategy

    August 28, 2026
    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
    Utilities

    Firm ordered to pay United Utilities £3m over Thirlmere project

    May 12, 2026
    Commodities

    Digital Commodities Capital Corp. changera son symbole boursier de RIPP à DIGI.

    June 8, 2025
    Bitcoin

    Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds

    August 7, 2026
    What's Hot

    James Wynn devient haussier sur le bitcoin, ferme $ btc court pour ouvrir une position longue

    June 30, 2025

    What Utilities Need to Know About the 900-MHz ‘NextNav’ FCC Proceeding

    June 8, 2026

    Stock market today: QVC Exports share price lists at a solid premium of 87%; check details

    August 28, 2024
    Most Popular

    What They Mean for Property Buyers and Sellers in Singapore

    April 14, 2025

    Analyse: Bitcoin peut former un fond au milieu de la fed shift et Trump Tariff Relief

    March 25, 2025

    Stocks rise on tariff optimism, London hits record high

    July 10, 2025
    Editor's Picks

    Recognize initial stock distortions and then act

    October 27, 2024

    Evergrande: Shares dive again as China property giant says it can’t issue debt

    September 25, 2023

    Dow Jones| Nasdaq | US Stock Market Today | Highlights: S&P 500, Nasdaq end lower as AI worries hit chipmakers

    July 7, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

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