Macro Finance
PAG Agrees to Buy China Evergrande Unit for $514 Million
Bloomberg Markets·October 29, 2026·1 min read
Private equity firm PAG agreed to buy a majority stake in Evergrande Property Services Group Ltd. for HK$4.03 billion ($514 million), according to a Hong Kong stock exchange filing. The deal confirms a previous Bloomberg report and marks a significant acquisition in China's property services sector, which has been under pressure amid the broader real estate downturn.
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