More investors could join Guangdong Provincial Tourism if an agreement for stake in Evergrande Property Services Group Ltd is reached, the people said.
(April 16): China Evergrande Group’s liquidators have selected Guangdong Provincial Tourism Holdings Co to enter exclusive talks to acquire a majority stake in the developer’s property management unit, people familiar with the situation said, as they try to claw back some money from one of the country’s most significant corporate collapses.
The state-owned company was picked ahead of others including private equity firm PAG, the people said, asking not to be identified because the information isn’t public. Trustar Capital had also been considering a bid, Bloomberg News reported in January.
