State-owned giants chase Evergrande's fallen empire - here's why this $300B fire sale matters
Key Points
- Evergrande Property Services Group's value has plummeted 95%...
When your property management company drops 95% from its peak, you know someone's about to get a bargain-basement deal. That's exactly what's happening as China's state-owned heavyweights circle Evergrande Property Services Group like vultures at a financial feast.
The Fire Sale Nobody Wants to Miss
September 12 brought news that liquidators handling China Evergrande Group's spectacular $300 billion collapse are fielding non-binding offers for their property management unit. The usual suspects - China Overseas Holdings and China Resources Holdings - have stepped up to the plate, proving ...
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