Gate News message, April 15 — Evergrande Property Services (06666.HK) announced on April 14 that China Evergrande and CEG Holdings have signed an exclusivity agreement with a selected bidder for a 30-business-day exclusive negotiation period regarding a potential transaction. The potential sellers currently hold a combined 51.016% stake in the company.
Discussions between the parties are ongoing as they negotiate terms for a formal sale and purchase agreement. As of now, no formal or legally binding agreement has been reached regarding the potential transaction.
The company’s 2025 financial report showed revenue of approximately CNY 13.677 billion, up 7.2% year-over-year, with net profit of CNY 1.009 billion, down 2.2%. Cash and cash equivalents stood at CNY 4.189 billion, up 55.3%.
Evergrande Property Services noted that since 2021, the group has faced significant operational pressure due to related parties’ misappropriation of funds and other issues. While cash flow has stabilized, the company continues to face challenges including extended accounts receivable collection cycles and constraints on brand development.
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