The facts
The deal covers 5,515,229,000 shares for HK$4,026,133,469.90. Buyer Everest Holdings I is wholly owned by PAG Fund IV. [1]
A separate agreement adds RMB500 million at completion for specified tax, fee and other CEG Holdings liabilities. [1]
After completion, the buyer must offer HK$0.8359 for each remaining eligible share. That offer price differs from the aggregate stake-purchase consideration. [1]
Chinese antitrust approval cannot be waived. None of the completion conditions had been fulfilled when the filing was issued. [1]
Relevant context
Reuters described the sale as a step in liquidators' asset-recovery efforts after China Evergrande received about US$46 billion in creditor claims. The agreement does not settle all those claims. [2]
Still unconfirmed
- The regulator's decision, closing date and final outcome of the resulting offer remain unresolved.
Sources
References support the numbered facts above. Source checks: 30 Oct 2026, 04:55 UTC.
- Joint announcement: 51.016% share purchase agreement, possible mandatory cash offer and trading resumption
Everest Holdings I / Evergrande Property Services · Primary source · 30 Oct 2026
Actual English PDF read via the issuer-linked archive: pages 2–4, 8–11 and 21 establish the terms, conditions and ownership.
- PAG to buy 51% stake in Evergrande Property Services for US$514 mil
Reuters, via The Edge Malaysia · Reporting · 30 Oct 2026
Actual Reuters report read, published 10:51 HKT and updated 11:29. The RTHK article repeats the same report and is not counted as a second independently gathered account. No intraday price snapshot is adopted.