Hopson Development Holdings Ltd., a Hong Kong-listed real estate firm controlled by the billionaire Chu family, has agreed to buy a controlling stake in Evergrande’s property services business, Cailian reported Monday, citing people it didn’t identify. Evergrande Property Services Group Ltd. said in a statement that its shares were halted on Monday due to a pending announcement of a possible offer for shares of the company. Hopson declined to comment.
The Chus could become the latest wealthy family to shore up finances for Evergrande and its billionaire founder Hui Ka Yan. Hui’s so-called poker pals have included Chinese Estates Holdings Ltd.’s Joseph Lau, New World Development Co. billionaire Henry Cheng and C C Land Holdings Ltd.’s Cheung Chung Kiu, though some have been scaling back their Evergrande investments.