PAG to Acquire 51% Stake in Evergrande Property Services for $514 Million
PAG will acquire a 51% stake for HK$4.03 billion ($513.64 million), Evergrande Property Services said. The offer values 5.52 billion shares at HK$0.8359 each, a 29% discount to the stated reference price.
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12:19:18 AM UTC
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PAG to Make Mandatory Offer for Rest of Evergrande Property Services After Stake Purchase
Asia-focused investment firm PAG will acquire a 51% stake in Evergrande Property Services Group HKEX:6666 for HK$4.03 billion ($513.64 million), the unit of debt-laden developer China Evergrande Group said on Friday.The offer values the 5.52 billion shares at HK$0.8359 each, a 29% discount to Ever…