Evergrande Property Services Updates Market on Bids Amid Uncertain Takeover Talks

The latest update is out from Evergrande Property Services Group Ltd. ( (HK:6666) ).

Evergrande Property Services Group Limited has issued a monthly progress update under Hong Kong’s Takeovers Code, disclosing that its court-appointed liquidators have received updated offer proposals from selected bidders in relation to a potential transaction, while deciding not to entertain any new non-binding indicative offers. The liquidators have not yet formed a view on the potential deal, reached any binding agreement, or finalized the timetable or terms for moving to the next phase, and the company will continue to issue monthly updates until either a firm offer is announced or the process is terminated, while warning shareholders and investors that there is no assurance any transaction or general offer will ultimately materialise and urging them to exercise extreme caution when dealing in its securities.

The most recent analyst rating on (HK:6666) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Evergrande Property Services Group Ltd. stock, see the HK:6666 Stock Forecast page.

More about Evergrande Property Services Group Ltd.

Evergrande Property Services Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the property services sector, providing management and related services to residential and possibly commercial developments. The company is part of the wider Evergrande group ecosystem and serves shareholders and public investors in the Hong Kong capital market through its listed securities.

Average Trading Volume: 37,383,630

Technical Sentiment Signal: Buy

Current Market Cap: HK$12.32B

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