Evergrande Property Services Shares Up 40% After Potential Bids

Shares of Evergrande Property Services Group Ltd. jumped as much as 40% Friday morning, the biggest jump in eight months, amid news that bidders had indicated interest in the company.

Liquidators of its parent, China Evergrande Group, have received non-binding offers for the property management arm, with units of state-owned China Overseas Holdings Ltd. and China Resources Holdings Co. among the bidders, Bloomberg reported on Thursday.

Evergrande Property Services said in an exchange filing that it has received a letter from liquidators stating that they’re seeking to sell the group’s shares in the unit.

Other property management companies’ ...