Everg Services (06666) surged more than 11% in the afternoon, as of the time of publication, rose by 8.75% to HK$0.87, with a turnover of 39.499 million Hong Kong dollars.
According to the Wise News Finance APP, Everg Services (06666) surged more than 11% in the afternoon, rising 8.75% as of the time of publication to HK$0.87, with a turnover of 39.499 million Hong Kong dollars.
On the news side, Jinbi Property Official WeChat announced on October 18 that in the third quarter market expansion, the company successfully bid for several iconic projects with over 120 expansion projects covering industrial parks, public buildings, commercial, and residential formats. It is understood that before Everg Services went public, the property sector under Evergrande Group was mainly undertaken by its wholly-owned subsidiary Jinbi Property. Analysts pointed out that Everg Services is actually an integration and restructuring of Jinbi Property and completed mergers and acquisitions of property enterprises, with Jinbi Property still being the business core of Everg Services.
It is worth noting that Everg Services previously announced interim results showing revenue of RMB 6.22 billion in the first half of the year, a year-on-year increase of 1.2%; the net profit attributable to owners of the company was RMB 0.501 billion, a year-on-year decrease of 35.94%. The company also stated that due to the current situation of related parties, there remains significant uncertainty in recovering losses incurred from enforced execution of deposit pledges.