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Corporation
FINANCIAL | Real Estate / Commercial Property Management
evergrandeservice.com

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Founded Year

1997

Stage

Acq - P2P | Acquired

Total Raised

$3.032B

Valuation

$0000 

About Evergrande Property Services

Evergrande Property Services (06666.HK) is the property management subsidiary under the Evergrande Real Estate Group in China.On October 4th, 2021, Evergrande Property Services was acquired by Hopson at a valuation of $5.11B.

Evergrande Property Services Headquarter Location

37th Floor, Block A, Aerospace Science and Technology Plaza, Haide 3rd Road, Nanshan District

Shenzhen, Guangdong, 518000,

China

+86-755-81996598

Latest Evergrande Property Services News

China Evergrande Shares Drop on Reports It Missed Coupon Payments

Dec 30, 2021

December 30, 2021 - Advertisement - Shares of China Evergrande Group fell 8.5% to 1.51 Hong Kong dollars as of Thursday afternoon after reports it missed coupon payments on offshore bonds. - Advertisement - The cash-strapped developer had US$255 million in new coupon payments on Tuesday for its June 2023 and 2025 notes, Reuters reported. This led to US$19 billion in cross-defaults in international bonds, according to Reuters. Businesshala News reported that the due date had passed with no indication of payment by Evergrande, although both payments still have a 30-day grace period. China Evergrande did not immediately respond to a request for comment. - Advertisement - Shares of Evergrande Property Services Group Ltd and China Evergrande New Energy Vehicle Group Ltd also fell 2.7% and 6.3%, respectively. China Evergrande said on Sunday that construction work has resumed on more than 90% of its stalled residential projects. It said it has picked up pace on delivering apartments promised to homebuyers and plans to deliver 39,000 homes in 115 projects across China in December. The company said separately last week that a state-backed risk team would engage with creditors and assist in its massive restructuring by deploying extensive resources to help mitigate risks. Evergrande’s founder and president, Hui Ka Yan, chairs the committee, while the company’s chief financial officer, Pan Darong, is also a member. The reassurance had helped lift Evergrande’s stock, which is still up 4.1% from a week ago, after Thursday’s drop. Shares of Evergrande are still down 34% from a month ago and have fallen 90% so far. Write to Yongchang Chin at [email protected] ,

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