Real Estate
Hong Kong housing chief quits over Tai Po fire, accepts political responsibility
By Katherine Langford
Evergrande liquidators sell controlling stake in property services unit for US$513 million
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Friday, October 30, 2026 at 5:24 AM · 1 min read
Liquidators of China Evergrande Group have agreed to sell a controlling stake in its property management arm to investment firm PAG for HK$4.03 billion (US$513.6 million), as they seek to recover assets for creditors owed US$46 billion. The sale of a 51.016 per cent stake in Evergrande Property Services could give the profitable business a new controlling shareholder after its parent used billions of yuan of its bank deposits as collateral for loans, leaving the company struggling to recover the...
Up nextHong Kong housing chief quits over Tai Po fire, accepts political responsibilityReal Estate · 1 min read
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