China Evergrande Unit Get Bids From State-Owned Companies (1)

China Evergrande Group’s liquidators have received non-binding offers for a property management unit they have been seeking to offload, according to people familiar with the matter.

Units of state-owned China Overseas Holdings Ltd. and China Resources Holdings Co. are among the bidders indicating interest in Evergrande Property Services Group Ltd., according to the people, who asked not to be identified discussing private matters.

Each bid must be accompanied by a deposit of HK$6 million ($770,250), 10% of which is nonrefundable, the people said. The bidding process is still preliminary and is subject to change, they added.

Evergrande ...