Evergrande Services (06666) rose nearly 7% during late trading, reaching a high of HK$1.54, marking its highest level since August 2023. At the time of writing, the stock was up 6.25% at HK$1.53, with a turnover of HK$144 million. The move follows a mid-month announcement by Evergrande Services that the liquidators of China Evergrande (03333) have signed an exclusivity agreement with a selected bidder. The two parties will enter a 30-working-day exclusive negotiation period regarding the 51.016% stake in Evergrande Services. This is considered the most definitive announcement since the sale process was formally initiated in September 2025. Market expectations are that the acquirer for Evergrande Services could be revealed as early as May. Previously, Cree-Era Property Management noted that key improvements in financial metrics—including a return to positive net current assets by the end of 2025, a cash reserve rebuilding to CNY 4.3 billion, and zero bank borrowings—indicate that the company's financial recovery is largely complete. With historical burdens cleared, its balance sheet has entered a normalized operational phase, allowing the market to adjust its fundamental valuation framework for the firm accordingly.