PAG to buy 51% of China Evergrande's services arm for $510 million Hong Kong-based private equity firm PAG has agreed to buy a 51% stake in Evergrande Property Services for HK$4 billion ($510 million), marking a major advance for China Evergrande's liquidators as they seek to collect money for creditors.

PAG to buy 51% of China Evergrande's services arm for $510 million Hong Kong-based private equity firm PAG has agreed to buy a 51% stake in Evergrande Property Services for HK$4 billion ($510 million), marking a major advance for China Evergrande's liquidators as they seek to collect money for creditors.