Liquidators for Evergrande Property Services have invited a group of selected bidders to review additional company information as part of an ongoing sale process. The bidders are expected to submit updated non-binding indicative offers by the end of November 2025, though the liquidators stressed the potential transaction is still at a preliminary stage. Any further indicative offers received will also be reviewed as the process continues.
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Evergrande Group (China Evergrande) was once one of China’s largest property developers, crowned the world’s most valuable real-estate company by 2018. Fueled by aggressive borrowing, it amassed liabilities exceeding US$300 billion and triggered a broader crisis in China’s property sector when it began defaulting in 2021. By early 2024 a Hong Kong court ordered it liquidated and its Hong Kong listing was cancelled in August 2025.