(Reuters) -Liquidators of China Evergrande Group have received approaches from parties looking to take over the developer's stake in its property services unit.

The liquidators control a 51.016% stake in Evergrande Property Services, showed an exchange filing by the unit. The firm is currently valued at HK$9.95 billion ($1.28 billion), according to LSEG data.

The unit said that liquidators of its parent have entered into confidentiality agreements with different parties and received non-binding indicative offers from some of the potential bidders.

Trading in Evergrande Property Services was halted earlier in the day pending an announcement under Hong Kong's Takeovers and Mergers Code.

The company last year launched legal action against its parent, China Evergrande Group, accusing it of misusing deposits as collateral for pledge guarantees.

China Evergrande Group, the world's most indebted property developer, has been struggling with financial turmoil under heightened regulatory and investor scrutiny.

Evergrande Property Services, like its parent, has been hit hard by China's prolonged real estate crisis. Its shares have plunged more than 95% since peaking in 2021.

($1 = 7.7892 Hong Kong dollars)

(Reporting by Shivangi Lahiri and Rishav Chatterjee in Bengaluru; Editing by Shreya Biswas and Shinjini Ganguli)