PAG Agrees to Buy China Evergrande Unit for $514 Million

Private equity firm PAG has agreed to buy a majority stake in Evergrande Property Services Group Ltd. for HK$4.03 billion ($514 million), according to a Hong Kong stock exchange filing,...

By Trista Xinyi Luo and Dong Cao · Bloomberg Markets

Private equity firm PAG has agreed to buy a majority stake in Evergrande Property Services Group Ltd. for HK$4.03 billion ($514 million), according to a Hong Kong stock exchange filing, confirming a previous Bloomberg report.