PAG Agrees to Buy China Evergrande Unit for $514 Million

Private equity firm PAG agreed to purchase a majority stake in Evergrande Property Services Group Ltd. for HK$4.03 billion, equivalent to $514 million, according to a Hong Kong stock exchange filing. Evergrande Property Services Group provides property management services in China. The transaction was disclosed through regulatory filing.

• Bloomberg — PAG Agrees to Buy China Evergrande Unit for $514 Million

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