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China Evergrande's Liquidators Said to Select Guangdong Provincial Tourism for Exclusive Talks on Sale of EVERG SERVICES' Stake
The liquidators of China Evergrande have selected Guangdong Provincial Tourism Holdings Co. for exclusive negotiations to acquire a majority stake in EVERG SERVICES (06666.HK), Blo...
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China Evergrande's Liquidators Said to Select Guangdong Provincial Tourism for Exclusive Talks on Sale of EVERG SERVICES' Stake
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The liquidators of China Evergrande have selected Guangdong Provincial Tourism Holdings Co. for exclusive negotiations to acquire a majority stake in EVERG SERVICES (06666.HK)  +0.020 (+1.550%)   , Bloomberg reported, citing people with the knowledge of the matter.

Guangdong Provincial Tourism reportedly outbid other contenders, including private equity firm PAG. If the group successfully reaches an equity acquisition agreement with China Evergrande, additional investors may join Guangdong Provincial Tourism in the transaction.

China Evergrande holds approximately 51% of EVERG SERVICES.
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