Investment company PAG has agreed to acquire 51.02% of the shares of Evergrande Property Services for 4.03 billion Hong Kong dollars ($513 million), the Wall Street Journal writes. The deal was the largest sale of assets by liquidated Chinese developer China Evergrande. After its closing, PAG plans to make a mandatory offer to purchase the remaining securities.

Investment company PAG has agreed to acquire 51.02% of the shares of Evergrande Property Services for 4.03 billion Hong Kong dollars ($513 million), the Wall Street Journal writes. The deal was the largest sale of assets by liquidated Chinese developer China Evergrande. After its closing, PAG plans to make a mandatory offer to purchase the remaining securities.