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China Evergrande enters exclusivity agreement for potential sell-down of stake in property services unit
Source: reuters.com
M&A & RestructuringHousing & Real EstateCompany Fundamentals
Evergrande Property Services said its controlling shareholders, China Evergrande Group and CEG Holdings (BVI), have entered an exclusivity agreement with a selected bidder regarding a potential sale of their shares. The announcement signals progress toward a possible change in control for the property-services unit, though no transaction value, stake size, or binding deal terms were disclosed.
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