A partially illuminated sign of the Evergrande Center sign at the developer’s building in Shanghai on October 9, 2021. Photo: AFP
A partially illuminated sign of the Evergrande Center sign at the developer’s building in Shanghai on October 9, 2021. Photo: AFP

Evergrande scraps US$2.6 billion sale of property services unit to Hopson, suffering a second rebuff to its asset disposal in a week

  • An October 1 bid to buy 50.1 per cent of Evergrande Property Services for HK$20.04 billion failed to materialise, Hopson Development Holdings said
  • Evergrande rescinded the sale on October 12 amid a dispute over the payment of the sales proceeds, Hopson said

Topic |   China Evergrande Group
A partially illuminated sign of the Evergrande Center sign at the developer’s building in Shanghai on October 9, 2021. Photo: AFP
A partially illuminated sign of the Evergrande Center sign at the developer’s building in Shanghai on October 9, 2021. Photo: AFP
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