By P.R. Venkat and Yongchang Chin

Evergrande Property Services Group Ltd. said it expects to announce a possible offer for the company, a move that would ease some of the financial constraints being faced by its parent China Evergrande Group.

Both the companies had sought a trading halt early Monday in Hong Kong pending the release of an announcement.

In a second filing midday, Evergrande Property said the announcement "constitutes an inside information and a possible general offer for the shares of the company."

Both the companies didn't identify who the offerer was nor provided any further details.

Earlier in the day, Hopson Development Holdings Ltd., one of China's biggest property developers also sought a trading halt in Hong Kong through a separate filing.

Hopson said the shares were being halted pending release of a transaction, under which it had agreed to acquire shares of a company listed on the Hong Kong stock exchange.

Hopson didn't identify the name of the target company.

China Evergrande Group, the world's most indebted property developer, has struggled in recent months to raise cash and meet its financial obligations after borrowing heavily from large and small investors, banks, suppliers and home buyers who paid in advance for apartments that the company promised to build.

It reported the equivalent of $304 billion in liabilities at the end of June, including $88.5 billion in interest-bearing debt.

The Group has been looking to sell its stakes in various units including a 20% divestment of its stake in Shengjing Bank Co. for $1.5 billion to a state-owned company.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

10-04-21 0108ET