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Evergrande liquidators agree to sell unit stake to PAG

Liquidators of China Evergrande Group agreed to sell a 51.016% controlling stake in Evergrande Property Services to investment firm PAG for HK$4.03 billion (US$513.6 million). They are seeking to recover assets for creditors owed US$46 billion; the sale could give the profitable unit a new controlling shareholder.

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