Mergers & AcquisitionsMedium•5 November 2026•
1 min read
PAG to Acquire 51% of Evergrande Property Services for HKD4 Billion
Key Facts
1PAG agreed to purchase 5.52 billion shares representing approximately 51% of Evergrande Property Services from liquidators.
2The cash acquisition deal is valued at approximately HKD4 billion.
3PAG intends to make a mandatory cash offer for all remaining shares at HKD0.8359 per share.
Private equity firm PAG has agreed to purchase 5.52 billion shares representing a 51% controlling stake in Evergrande Property Services from liquidators. Law.asia reported that the cash acquisition is valued at approximately HKD4 billion, following an agreement with the liquidators of China Evergrande Group and its affiliate CEG Holdings.
PAG intends to launch a mandatory cash offer for all remaining shares at HKD0.8359 per share upon completion, while maintaining the company's listing status in Hong Kong. The transaction serves as a major asset sale within the liquidation process of China Evergrande Group, occurring alongside recent Chinese economic data including the Caixin Manufacturing PMI which reached 52 on November 2, 2026.