Changes in Hong Kong stocks | Evergrande Properties (06666) rose nearly 8% in early trading, the controlling sale process restarts the potential buyer due diligence process and is about to begin

The Zhitong Finance App learned that Evergrande Property (06666) rose nearly 8% in early trading. As of press release, it had risen 6.67% to HK$0.96, with a turnover of HK$18.364,600.

According to the news, on July 27, Evergrande Property issued an announcement stating that the company's liquidator had officially restarted the sale process. According to the announcement, after the previous potential buyer decided not to proceed with the potential transaction, the liquidator continued discussions with several potential buyers on the potential deal. These potential buyers include parties new to the process, as well as others who have previously participated in the process. As a next step, it is planned to invite potential buyers to conduct due diligence on the group.

According to the Daily Economic News report, according to market rumors, the previous list of potential buyers included well-known private equity firms such as Taimeng Investment and Xinchen Capital. Notably, on July 28, Fangyuan Life Service (09978) announced that it had received a cash offer. In this transaction, Taimeng Investment acted as an “advisor and facilitator”, and one of its funds obtained 77 million share warrants at an exercise price of HK$0.50. This further deepened the market's speculation that Taimeng invested in the acquisition of Evergrande Properties.