Hong Kong Stock Alert | Everg Services Jumps Over 6% on Reports of PAG, Warburg Pincus, and Trustar Capital Reconsidering Bid
Stock News
Sep 21
EVERG SERVICES (06666) surged more than 6% in early trading on the Hong Kong Stock Exchange. As of the latest update, the stock rose 3.81% to HK$1.225, with a trading turnover of HK$41.477 million.
According to a Bloomberg report citing sources familiar with the matter, private equity firms such as PAG, Warburg Pincus, and Trustar Capital are preparing to submit acquisition offers. The move follows failed exclusive talks between the liquidator of China Evergrande Group and Guangdong Tourism Holding Group, which prompted these private equity firms to rejoin the bidding process. Representatives for the Evergrande liquidator, PAG, Trustar Capital, and Warburg Pincus all declined to comment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.