Hopson Development to buy Evergrande unit -Global Times, citing media reports

Reuters2021-10-04

HONG KONG (Reuters) - Hopson Development plans to acquire around 51% of China Evergrande’s property services unit for more than HK$40 billion ($5 billion), China’s Global Times newspaper said on Monday, citing unnamed media reports.

Shares of China Evergrande, Evergrande Property Services Group and Hopson were all suspended on Monday.

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