Evergrande Property Expecting Binding Offers by This Month

Liquidators of China Evergrande Group are expected to receive binding offers from buyers for the firm’s Hong Kong-listed property management unit as soon as the end of this month, according to people familiar with the matter.

Private equity firms including Trustar Capital are evaluating whether to move ahead with a bid for Evergrande Property Services Group Ltd., said the people, who asked not to be named because the matter is private. At least one Guangdong-based state-owned buyer is also considering making a proposal, the people added.