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Evergrande Liquidators Seek to Sell Property Management Unit for $1.1bn
August 14, 2025
Liquidators of China Evergrande Group have engaged UBS and Citic Securities to seek buyers for its property management arm, Evergrande Property Services Group, after previous sale attempts failed. The unit, with a market value of HKD 9bn ($1.1bn) and revenue of RMB 12.8bn ($1.8bn) in 2024, is seen as a key asset for creditor recovery. It operates 3,000 projects but faces brand and operational challenges from the parent’s liquidation. It was reported yesterday that Evergrande shares will be delisted from the Hong Kong exchange on 25 August, with liquidators handling 187 debt claims worth about $45bn and controlling 100+ related companies valued at HKD 27bn. Asset recoveries so far total $255mn, with $167mn of assets upstreamed and linked to Evergrande, though not all may be accessible due to complex ownership structures, the liquidators added.
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