Evergrande liquidators weigh revised bids for majority stake in property services arm
Feb 6 (Reuters) - China Evergrande Group's liquidators are considering updated offers received from certain selected bidders to buy out the developer's majority stake in its property management unit 6666.HK, an exchange filing showed on Friday.
Evergrande Property Services had a market capitalisation of HK$12.32 billion ($1.58 billion) as of February 6, LSEG data showed. Creditor claims against the parent group totalled about $45 billion, liquidators said in August last year.
The unit disclosed in September last year that its parent's liquidators had received indicative bids for a majority stake in the unit.
The liquidators of the embattled developer own a 51.016% stake in Evergrande Property Services, as per the September announcement.
Friday's filing said that the liquidators do not intend to consider any new non-binding indicative offers for the stake.
"The timing and details for entering the next phase of the process and for entering into any transaction document with respect to the potential transaction have yet to be finalised by the liquidators," Evergrande Property Services said.
($1 = 7.8136 Hong Kong dollars)
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