EVERG SERVICES (06666.HK): Offeror to Buy 51.016% for HK$4.03bn and Make HK$0.8359 Mandatory Offer

NewTimeSpace News: On 30 October 2026, Evergrande Property Services Group Limited (stock code: 6666) and the offeror, Everest Holdings I Limited, published a joint announcement that the liquidators, acting as agents for the sellers, and the offeror entered into a share purchase agreement after trading on 28 October 2026 for 5,515,229,000 shares, about 51.016% of the issued shares, for total cash consideration of HK$4,026,133,469.90.

The sellers are China Evergrande (147,155,000 shares, about 1.361%) and CEG Holdings (5,368,074,000 shares, about 49.655%), at HK$0.8359 and HK$0.7271 per sale share respectively.

Upon completion, the offeror and its concert parties will hold 5,515,237,500 shares (about 51.016%) and must make an unconditional mandatory cash offer for all issued shares under Rule 26.1 of the Takeovers Code at HK$0.8359 per share, with no price increase. The offer price represents a 9.1% discount to the HK$0.920 close on 10 September 2025, a 29.5% discount to the last trading day's HK$1.185 and a 409.0% premium to audited net asset value of about HK$0.16 per share.

Assuming full acceptance, the maximum amount payable would be HK$9,036,672,244.69. The Company has formed an independent board committee and appointed Altus Capital as independent financial adviser, with the composite document to be despatched within 21 days. Trading was suspended from 9:00 am on 29 October 2026 and resumption has been applied for from 9:00 am on 30 October 2026.