PAG in Exclusive Talks With Evergrande Liquidators for Property Unit Stake

Exclusivity signals that Evergrande's liquidators are prioritising a negotiated sale over a broader auction, which matters because the property services arm has been one of the more defensible pieces of the group's asset base. A PAG deal would shift a chunk of that cash-generating business into private equity hands, changing the creditor recovery calculus and the unit's governance. The open questions are the stake size, price, and whether exclusivity converts to a signed deal or lapses.