Business · Companies · 3 hrs ago
PAG Agrees to Buy Majority Stake in Evergrande Property Services for $514 Million
Private equity firm PAG agreed to buy a majority stake in Evergrande Property Services Group.
The deal values the stake at HK$4.03 billion, or $514 million.
Evergrande Property Services is a unit of China Evergrande.
The agreement was confirmed in a filing to the Hong Kong stock exchange.
It follows an earlier report of the deal.
PAG would become the company's majority stakeholder if the purchase is completed.
The filing does not say when the deal is expected to close.
Private equity firm PAG has agreed to buy a majority stake in Evergrande Property Services Group Ltd.
The deal is valued at HK$4.03 billion, or $514 million.
The agreement was disclosed in a Hong Kong stock exchange filing.
The filing confirmed an earlier Bloomberg report.
- Who
- PAG and Evergrande Property Services Group Ltd.
- What
- PAG has agreed to buy a majority stake in the company for HK$4.03 billion ($514 million).
- When
- The report was published on October 29, 2026.
- Where
- The disclosure was made in a Hong Kong stock exchange filing.
- Why
- Not stated
This story does not have two clearly opposing sides.
Bloomberg reported the proposed deal.
A Hong Kong stock exchange filing confirmed that PAG had agreed to buy a majority stake in Evergrande Property Services.
- Buyer
- PAG
- Target
- Evergrande Property Services Group Ltd.
- Stake
- Majority stake
- Deal value
- HK$4.03 billion ($514 million)
- Disclosure
- Hong Kong stock exchange filing