消息面上，据星岛记事日前援引媒体报道，中国恒大集团清盘人预计最早将于本月底收到潜在买家对恒 大物业具有约束力的收购报价。报道指，包括信宸资本在内的私募股权公司正在评估是否竞标恒大物 业，并指至少有一家总部位于广东的国有企业也在考虑提出收购。不过，相关讨论仍在进行中，收购要 约可能不会发生。报道又指，收购出价料将低于当前股价水平，而交易将可能在第二季末达成。信宸资 本和清盘人均不予评论。 智通财经APP获悉，恒大物业(06666)一度跌超9%，截至发稿，跌7.87%，报1.17港元，成交额7593.42万 港元。 ...

Core Viewpoint - Evergrande Property (06666.HK) is currently undergoing a process where selected bidders are invited for further due diligence, with no formal agreements reached yet [1] Group 1 - The liquidator has informed that selected bidders are currently conducting further due diligence on the company [1] - The liquidator has requested that selected bidders submit updated offer proposals by the end of January 2026 [1] - The liquidator has no intention of considering any new non-binding letters of intent [1] Group 2 - There are no formal or legally binding agreements reached between the liquidator and potential bidders as of the announcement date [1] - The timeline for signing any transaction documents has not been finalized [1]

Core Viewpoint - Evergrande Property (06666) has announced that the liquidator has informed the company about the ongoing due diligence process by selected bidders, with updated offer proposals required by the end of January 2026 [1] Group 1 - The liquidator has invited selected bidders to conduct further due diligence on the company [1] - The due diligence process is currently underway [1] - The liquidator has requested that selected bidders submit updated offer proposals by the end of January 2026 [1] Group 2 - The liquidator has no intention of considering any new non-binding expressions of interest [1] - No formal or legally binding agreements have been reached between the liquidator and potential bidders [1] - The timeline for signing any transaction documents has not been finalized [1]

Core Viewpoint - Evergrande Property (06666) is currently undergoing a due diligence process as informed by the liquidators, with selected bidders invited to participate in this investigation [1] Group 1 - The liquidators have requested selected bidders to submit updated offer proposals by the end of January 2026 [1] - The liquidators are not considering any new non-binding expressions of interest [1] - No formal or legally binding agreements have been reached between the liquidators and potential bidders, and the timeline for signing any transaction documents has not been finalized [1]

恒大物業集團有限公司 （於開曼群島註冊成立的有限責任公司） （股份代號：6666） 根據收購守則第 3.7 條作出的 每月進展更新公告 本公告由恒大物業集團有限公司（「本公司」）根據《公司收購及合併守則》（「收購守則」）第3.7條 作出。 茲提述本公司根據收購守則第3.7條作出的日期為2025年9月11日、2025年10月15日、2025 年11月14日及2025年12月19日的公告（「該等公告」）。除另有所指外，本公告所用詞彙與該 等公告所界定者具有相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何 責任。 Evergrande Property Services Group Limited 警示 本公司股東及潛在投資者應知悉，潛在交易並無保證一定會落實或最終完成，有關討論亦未必 會引致全面要約。現促請本公司股東及公眾投資者買賣本公司股份及╱或其他證券時務必極度 審慎，倘彼等對自身處境有任何疑問，應諮詢其專業顧問。 承董事會命 恒大物業集團有限公司 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 恒大物業集團有限公司 ("本公司") 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06666 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 10,810,811,000 | | 0 | | 10,810,811,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 10,810,811,000 | | 0 | | 10,810,811,000 | 呈交日期: 2026年1月7日 I. 法定 ...

Market Overview - The Hong Kong stock market experienced fluctuations on December 22, with the Hang Seng Index rising by 0.43% to close at 25,801.77 points, the Hang Seng Tech Index increasing by 0.87% to 5,526.83 points, and the National Enterprises Index up by 0.43% to 8,939.68 points [1] - Major technology stocks showed mixed performance, with Alibaba up by 0.76%, Tencent Holdings up by 0.08%, and JD Group up by 0.9%, while Xiaomi fell by 1.83% and NetEase by 0.09% [1] - The optical communication sector was strong, with Huiju Technology rising by 13% and Changfei Optical Fiber Cable up by 11% [1] - Duty-free concept leader China Duty Free Group surged over 15%, while the new consumption sector saw significant gains, with Mixue Group up over 10% and Pop Mart up over 4% [1] - Chip stocks also rose, with SMIC increasing by nearly 6% and Hua Hong Semiconductor up over 5% [1] - Gold stocks generally rose, with China National Gold up over 7% and Shandong Gold up over 5% [1] - Four new stocks were listed, including Impression Dahongpao and Huacheng Biotechnology, all of which experienced a decline in their initial trading [1] Company News - SF Holding reported a total revenue of 27.173 billion yuan for November, a year-on-year increase of 7.85%, with express logistics revenue growing by 9.88% and business volume increasing by 20.13% [2] - Capital Venture expects to achieve an unaudited net profit of approximately 115 million to 140 million HKD for the fiscal year ending September 30, 2025, marking a turnaround from losses, primarily due to improved performance in listed equity investments [2] - Tianqi Lithium announced the completion of the third phase of its chemical-grade lithium concentrate expansion project, which has officially commenced trial production [3] - Qingdao Port plans to purchase two assets from the cruise port development for the Qingdao Shipping Financial Center [4] - CanSino Biologics has initiated Phase I clinical trials for its DTCP–HIb–MCV4 combined vaccine, completing the enrollment of the first subject [5] - Junshi Biosciences received FDA approval for the Phase I clinical trial application of its biosimilar HLX18 for the treatment of various solid tumors [5] - China National Nuclear Corporation's subsidiary, CNNC Haidewei, received clinical approval for its BNCT boron drug [6] - Hisense Home Appliances subscribed to a financial product from Jingu Trust worth 1.892 billion yuan [7] - Evergrande Property's liquidator has received several updated non-binding offers from selected bidders, which are currently under consideration [7] - Ruian Construction completed the sale of Ruian Property Management Services [8] - Tianjin Port Development's subsidiary plans to purchase ten gantry cranes for 185 million yuan [9] Institutional Insights - CITIC Securities noted that after a strong rally in September, the Hong Kong market has experienced fluctuations since October due to varying overseas macro expectations, with quality assets becoming more attractive [10] - Huatai Securities indicated that the market is still in a left-side layout phase, with uncertainties surrounding the "Santa rally" and potential supply-demand pressures at year-end [10] - China Galaxy suggested focusing on the technology sector as a long-term investment theme, which has seen valuation corrections and may rebound due to multiple favorable factors [10] - The consumption sector is expected to receive significant policy support, with current valuations at relatively low levels, indicating potential for long-term growth [10]

Corporate Developments - Evergrande Property announced on December 19 that the liquidator has received several updated non-binding offers from selected bidders, which are currently under consideration. The liquidator has no intention of considering any new non-binding offers. The potential transaction remains in the preliminary stage, and no negotiations or binding agreements have been formed yet [1][14]. New Land Projects - On December 18, 195 new land projects were added in key cities, covering a planned construction area of 10.6975 million square meters. This includes 75 residential projects, 42 commercial office projects, 62 industrial projects, and 16 other types of projects. The city of Weifang had the highest number of new projects at 15, with the largest project located in Zhongshan, covering an area of 501,233 square meters and a transaction floor price of 309 yuan per square meter [2][15]. Market Research - On December 18, a total of 2,062 property-related tender notices were published in key regions such as Beijing-Tianjin-Hebei and Guangdong-Hong Kong-Macau. Non-residential properties accounted for a significant portion, with 1,975 tender projects, and office properties had the highest number of tender notices at 1,006 [4][18]. Capital Market Dynamics - On December 19, the Hang Seng Index closed up by 192.40 points, an increase of approximately 0.75%, closing at 25,690.53 points. Among 61 listed property service companies in Hong Kong, 18 saw their stock prices rise, with Kangqiao Yuesheng Life leading the sector with a gain of 73.91% [7][20]. - The average market capitalization of the 61 listed property companies in Hong Kong was 4.292 billion HKD. Seven companies had a market capitalization exceeding 10 billion HKD, with China Resources Mixc Living being the largest at 99.426 billion HKD, followed by Wanwu Cloud at 22.088 billion HKD and Country Garden Services at 20.829 billion HKD. The average price-to-earnings ratio for these companies was 9.87 times, with Hongyang Services having the highest at 70.49 times [21][22].

Company News - SF Holding (06936.HK) reported a total revenue of 27.173 billion yuan for its express logistics, supply chain, and international business in November, representing a year-on-year growth of 7.85%. The express logistics business revenue grew by 9.88%, with a business volume increase of 20.13% [2] - Capital Investment (02324.HK) expects to achieve an unaudited consolidated net profit of approximately 115 million to 140 million HKD for the fiscal year ending September 30, 2025, marking a turnaround from losses, primarily due to the performance of listed equity investments [2] - Tianqi Lithium (09696.HK) has completed the construction of the third phase of its chemical-grade lithium concentrate expansion project and has officially commenced trial production [2] - Qingdao Port (06198.HK) plans to purchase two assets from the Qingdao Shipping Financial Center for the development of a cruise port [2] - CanSino Biologics (06185.HK) has initiated Phase I clinical trials for its DTCP–HIb–MCV4 combined vaccine and completed the enrollment of the first subject [2] - Fuhong Hanlin (02696.HK) received approval from the U.S. Food and Drug Administration for its application for the Phase I clinical trial of HLX18, a biosimilar to Nivolumab for the treatment of various solid tumors [2] - China National Nuclear Corporation (01763.HK) announced that its subsidiary, CNNC Haidewei, has received clinical approval for its BNCT boron drug [2] - Hisense Home Appliances (00921.HK) subscribed to a financial product from Jingu Trust for 1.892 billion yuan [2] Acquisition and Disposal - Evergrande Property (06666.HK) has received several updated non-binding offers from selected bidders, which the liquidators are currently considering [3] - Ruian Construction (00983.HK) has completed the sale of Ruian Property Management Services Co., Ltd. [4] - Tianjin Port Development (03382.HK) plans to purchase ten gantry cranes for 185 million yuan [5] Buyback Activities - Tencent Holdings (00700.HK) repurchased 1.036 million shares at a cost of 636 million HKD, with buyback prices ranging from 607 to 617 HKD [5] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for 152 million HKD, with buyback prices between 40.42 and 40.56 HKD [6] - COSCO Shipping Holdings (01919.HK) repurchased 3.9655 million shares for 53.6689 million HKD, with buyback prices ranging from 13.47 to 13.73 HKD [6] - Kuaishou-W (01024.HK) repurchased 755,000 shares for 49.9509 million HKD, with buyback prices between 65.4 and 66.6 HKD [7]

Core Viewpoint - Evergrande Property (06666) has announced that the liquidators have received several updated non-binding indicative offers from selected bidders, which are currently under consideration [1] Group 1 - The liquidators have no intention to consider any new non-binding indicative offers [1] - The potential transaction is still in the preliminary stage, and the liquidators have not finalized the timeline or details for moving to the next stage and submitting a final proposal [1] - There have been no negotiations between the liquidators and potential bidders regarding the potential transaction, nor have any formal or legally binding agreements been reached [1]