BUZZ-Evergrande Property Services falls as CEG receives liquidation order

Reuters

01-14

BUZZ-Evergrande Property Services falls as CEG receives liquidation order

** Evergrande Property Services Group 6666.HK falls 4.9% to HK$0.77; set for biggest one-day pct drop since Oct. 17, 2024

** Stock on track to snap two straight sessions of gains

** Parent co China Evergrande 3333.HK said a court in Hong Kong ordered one of its key offshore units, CEG Holdings, to be wound up - the latest in a slew of legal victories for the embattled developer's liquidator

** CEG holds 49.8% of Evergrande Property Services Group

** Trading in China Evergrande, halted since Jan. 29, 2024, will remain suspended

** Evergrande Property Services Group gained 54.6% in 2024

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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set for biggest one-day pct drop since Oct. 17, 2024** Stock on track to snap two straight sessions of gains** Parent co China Evergrande 3333.HK said a court in Hong Kong ordered one of its key offshore units, CEG Holdings, to be wound up - the latest in a slew of legal victories for the embattled developer's liquidator** CEG holds 49.8% of Evergrande Property Services Group** Trading in China Evergrande, halted since Jan. 29, 2024, will remain suspended** Evergrande Property Services Group gained 54.6% in 2024 (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":1}}}