Understanding the Market | EVERG SERVICES rose over 6% in early trading, reported that TPG, Warburg Pincus, and Xincheng Capital are considering re-bidding for EVERG SERVICES

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Evergrande Property rose over 6% in early trading. As of the time of writing, it is up 3.81%, priced at HKD 1.225, with a transaction volume of HKD 41.4769 million. According to Bloomberg, citing informed sources, TPG Capital, Warburg Pincus, and Xincheng Capital are preparing to make a takeover bid. Previously, the liquidators of Evergrande Group were in exclusive negotiations with Guangdong Tourism Holding Group, but the two parties ultimately failed to reach an agreement, prompting these private equity firms to re-enter the bidding. Representatives of Evergrande's liquidators, TPG, Xincheng Capital, and Warburg Pincus declined to comment

According to Zhitong Finance APP, EVERG SERVICES (06666) rose over 6% in early trading. As of the time of publication, it is up 3.81%, priced at HKD 1.225, with a transaction volume of HKD 41.4769 million.

In terms of news, Bloomberg cited informed sources reporting that TPG Capital, Warburg Pincus, and Xincheng Capital are preparing to make a takeover bid. Previously, the liquidators of Evergrande Group were in exclusive negotiations with Guangdong Tourism Holding Group, but the two sides ultimately failed to reach an agreement, prompting these private equity firms to re-enter the bidding. Representatives of Evergrande's liquidators, TPG, Xincheng Capital, and Warburg Pincus all declined to comment

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