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Evergrande Property Services Group has informed investors that liquidators managing the company's affairs have asked a selected group of bidders to submit updated non binding offer proposals by the end of this month. This request comes after preliminary proposals were submitted late last year, and no binding agreements have been made so far. The liquidators have clarified that new indicative offers from other parties are not being considered at this stage. These developments are part of the broader liquidation process of Evergrande Group under Hong Kong court supervision, aiming to assess and potentially monetise company assets efficiently.
Evergrande Property Services Group Ltd, part of the broader Evergrande Group, has updated investors on its potential transaction process. The liquidators overseeing the company have requested that a select set of bidders submit revised non binding proposals by the end of this month. This step is intended to refine the evaluation of potential offers while advancing due diligence for those already engaged in the process. Advertisement
The liquidators have explicitly stated that no new indicative proposals from other parties will be considered at this stage. They are focusing solely on bidders who had submitted initial non binding offers late last year. No legally binding agreements have been reached yet, and the final outcome of any potential sale remains uncertain.
This development follows earlier steps where interested parties were taken through a deeper review phase to assess the viability of proposals. Evergrande Property Services emphasized that the process is still preliminary and cautioned that a definitive transaction may not materialize. The company continues to operate under Hong Kong court supervision as part of the broader liquidation proceedings of Evergrande Group, which carries over USD 300 billion in liabilities.
The ongoing asset sale process is part of a broader attempt to stabilise and manage the group's property services business amidst Evergrande's restructuring. The liquidators request for updated proposals indicates continued market interest, though they have not yet entered formal negotiations or committed to specific terms. Shareholders and market participants are reminded that uncertainty remains high, and the situation is evolving.
The liquidators continue to balance the need for timely assessment of offers with ensuring fairness and transparency in handling potential bidders. This approach is consistent with prior updates from late 2025 when select bidders first submitted preliminary offers, marking incremental progress in the liquidation and asset realisation process.
Source PTI
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