EVERGRANDE(03333)

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中国恒大公告,将于2025年8月25日取消上市地位!
Sou Hu Cai Jing· 2025-08-13 23:42
Group 1 - The core point of the article is that China Evergrande Group is set to delist from the stock market by August 25, 2025, following a failure to meet resumption guidelines, leading to a suspension of trading from January 29, 2024 [2][5] - Evergrande's stock price has plummeted to 0.163 HKD, with a total market value of 21.52 billion HKD (approximately 1.97 billion RMB) [5] - The delisting marks the end of Evergrande's 16-year presence in the capital market, significantly impacting the real estate industry and reshaping its ecological landscape [7] Group 2 - Evergrande's collapse has triggered a dramatic decline in the market value of other real estate companies, with a cumulative drop exceeding 90% prior to the trading suspension, resulting in a loss of 300 billion HKD in market capitalization [7] - The event has exposed liquidity crises stemming from high turnover models, leading to widening credit spreads in the domestic bond market for real estate firms, indicating risk transmission to related sectors such as building materials and home furnishings [7] - The situation has instigated widespread panic in the market, raising concerns about the viability of other real estate companies, which has led to a decline in stock and bond prices across the sector [7][8] Group 3 - For consumers who purchased Evergrande properties, invested in financial products, or held stocks, the situation represents a disaster, with potential for unfinished properties and significant financial losses [8] - The Evergrande incident serves as a warning for the industry, signaling the end of aggressive borrowing and rapid land acquisition strategies, as government policies tighten to enforce debt reduction and ensure project completion [8][9] - The narrative of Evergrande's rise and fall illustrates the fragility of a growth model built on debt, emphasizing that such prosperity is ultimately unsustainable [10]
中国恒大8月25日起退市,不申请复核
3 6 Ke· 2025-08-13 22:40
【#中国恒大退市#,公司无意就此申请复核】 据每日经济新闻报道,8月12日晚,中国恒大公告,公司收到联交所发出的信函,表示基于公司未能满 足联交所对其施加的复牌指引中的任何要求,且股份一直暂停买卖并未于2025年7月28日之前恢复买 卖,联交所的上市委员会根据上市规则第6.01A(1)条已决定取消公司的上市地位。 股份上市的最后一天为2025年8月22日,并将于8月25日上午9时起取消股份上市地位。中国恒大表示, 公司无意就上市委员会作出取消上市地位的决定申请复核。 18个月前的2024年1月,中国恒大被香港高等法院正式颁布清盘令,同时宣布又一轮停牌,由此开启摘 牌倒计时。 ...
中国恒大将于25日退市
Bei Jing Ri Bao Ke Hu Duan· 2025-08-13 21:50
Group 1 - China Evergrande Group will officially delist from the Hong Kong Stock Exchange on August 25, 2025, with the last trading day being August 22, 2025 [1] - The last trading price for China Evergrande's shares was set at 0.163 HKD, resulting in a market value of 2.15 billion HKD at the time of delisting [1] - China Evergrande was once the largest private real estate company listed in Hong Kong, reaching a peak market value of 414.4 billion HKD in October 2017 [1] Group 2 - The China Securities Regulatory Commission (CSRC) disclosed in March 2024 that Evergrande's 2019 and 2020 annual reports contained false records, inflating 2019 revenue by 213.99 billion CNY and 2020 revenue by 350.16 billion CNY [2] - In May 2024, the CSRC ordered Evergrande to correct its reports, issued a warning, and imposed a fine of 4.175 billion CNY [2] - As of July 28, 2024, China Evergrande had been suspended from trading for 18 months [2]
中国恒大未履行金额超108亿
Zhong Guo Neng Yuan Wang· 2025-08-13 19:01
Core Viewpoint - China Evergrande Group has been delisted from the Hong Kong Stock Exchange due to its failure to meet the resumption guidelines set by the exchange, with trading suspended indefinitely until at least July 28, 2025 [1] Company Information - China Evergrande Group was established in December 2006 [1] - The company currently has 10 enforcement cases with a total amount exceeding 4.28 billion yuan, primarily related to financial loan contract disputes [1] - The enforcement courts include the Guangzhou Intermediate People's Court in Guangdong Province [1] - Additionally, the company has multiple consumption restriction orders and final rulings, with an unfulfilled total amount exceeding 10.8 billion yuan [1]
中国恒大将从港股退市
Sou Hu Cai Jing· 2025-08-13 14:06
Core Viewpoint - China Evergrande Group has officially announced its delisting from the Hong Kong Stock Exchange after failing to meet the resumption requirements, marking the end of its approximately 16-year listing journey [4][11]. Group 1: Delisting and Financial Status - On August 12, China Evergrande announced that its listing status would be canceled effective August 25 due to non-compliance with the exchange's resumption guidelines [2][4]. - The company's debt burden has reached HKD 350 billion (approximately USD 450 billion), significantly higher than the previously reported USD 275 billion [11]. - As of now, the company has only managed to recover approximately HKD 20 billion (around USD 2.55 billion) from asset liquidation efforts [11]. Group 2: Legal and Operational Challenges - The liquidation process is expected to take three to five years, with the liquidators required to regularly update creditors on progress through a dedicated website [3]. - Legal actions have been initiated against founder Xu Jiayin and related parties to recover approximately USD 6 billion (around RMB 43.8 billion) in dividends and compensation [14]. - The complexity of asset ownership and the involvement of multiple jurisdictions hinder the liquidation process, leading to low asset realization rates [12]. Group 3: Market Impact and Future Outlook - The delisting of China Evergrande is part of a broader trend, with 21 listed real estate companies having announced their delisting as of November 2024 [16]. - The situation is expected to negatively impact the credibility of Chinese real estate companies in international capital markets, making it more difficult for other distressed firms to secure financing [16]. - The ongoing challenges in debt resolution suggest that the prospects for recovering investments for ordinary shareholders are extremely low [12][13].
退市落定!恒大3500亿窟窿只填20 亿,资产还有多少?
凤凰网财经· 2025-08-13 13:38
Core Viewpoint - China Evergrande's announcement on August 12, 2025, marked the end of its journey in the capital market, as the Hong Kong Stock Exchange decided to cancel its listing status due to failure to meet resumption requirements after more than 18 months of trading suspension [1][4][5]. Group 1: Market Impact and Investor Sentiment - The last trading day for Evergrande was set for August 22, 2025, with the official cancellation of its listing status on August 25, 2025 [4]. - Investors expressed despair in online forums, with some reporting losses of up to 500,000 yuan, and many feeling hopeless about recovering their investments [7][8]. - At its peak, Evergrande's market capitalization exceeded 400 billion HKD, but by January 29, 2024, prior to its suspension, the stock price plummeted to 0.163 HKD, resulting in a market cap of only 2.152 billion HKD, a decline of over 99% [9][12]. Group 2: Debt and Legal Issues - Evergrande is facing a massive debt crisis, with over 350 billion HKD (approximately 45 billion USD) in claims filed against it as of July 31, 2025 [25]. - The company is involved in 80 legal cases, with total amounts in dispute reaching 4.35 billion yuan [20][21]. - The liquidation process has revealed that only about 2 billion HKD (approximately 255 million USD) has been realized from asset sales, highlighting the severe liquidity issues [29][36]. Group 3: Asset Management and Recovery Efforts - The liquidators have taken control of over 100 companies within the group, with total asset values around 27 billion HKD (approximately 3.5 billion USD), but the actual realizable value remains uncertain [28]. - Evergrande's property management division is seen as a potential source of value, with efforts underway to find buyers for its assets [39][40]. - The complexity of Evergrande's corporate structure, with over 3,000 legal entities across various jurisdictions, complicates the asset recovery process [27][35]. Group 4: Personal Financial Matters of Executives - The financial status of Evergrande's founder, Xu Jiayin, and his ex-wife, Ding Yumei, remains unclear, with reports suggesting significant asset holdings in luxury properties in London [50][52]. - Ding Yumei has reportedly spent millions on properties while the company faces bankruptcy, raising questions about asset management and potential recovery for creditors [47][50].
中国恒大将于8月25日港交所退市,16年上市路画上句号
Xin Jing Bao· 2025-08-13 11:41
Core Viewpoint - China Evergrande Group is set to delist from the Hong Kong Stock Exchange on August 25, 2025, marking the end of its 16-year listing journey, following a series of financial crises and regulatory issues that have raised significant concerns about the real estate industry [1][2][4]. Company Summary - The last trading day for China Evergrande's shares will be August 22, 2025, after which the company will officially lose its listing status [2]. - The company was listed in November 2009 and reached its peak in 2016 with a contract sales figure of 373.37 billion yuan, ranking first in the country [2]. - Evergrande's total assets exceeded 1 trillion yuan, and it was included in the Fortune Global 500 list [2]. - The company faced a debt crisis starting in 2021, with its first default on a dollar bond announced on December 3, 2021, leading to a series of financial troubles [2][3]. Industry Summary - The delisting of Evergrande is seen as a reflection of the broader issues within the real estate sector, particularly the consequences of high leverage and financial mismanagement [5][6]. - Analysts suggest that the delisting signals a tightening regulatory environment, indicating that other troubled real estate companies may face similar fates if they do not improve their financial standings [5][6]. - The situation has raised alarms about the potential for a wave of delistings among real estate firms that have been struggling with losses for an extended period [6]. - The ongoing debt issues have not only led to unfinished construction projects but have also significantly impacted the expectations for the real estate market and the broader Chinese economy [6].
24小时环球政经要闻全览 | 8月13日
Ge Long Hui· 2025-08-13 10:49
Market Overview - Major global stock indices showed mixed performance, with the Dow Jones Industrial Average rising by 1.10% to 44,458.61 and the Nasdaq increasing by 1.39% to 21,681.9 [2] - The S&P 500 also saw a gain of 1.13%, closing at 6,445.76, while the German DAX fell by 0.23% to 24,024.78 [2] - In Asia, the Nikkei 225 experienced a significant increase of 2.15%, reaching 42,718.17, while the KOSPI declined by 0.53% to 3,189.91 [2] Economic Indicators - The U.S. Consumer Price Index (CPI) for July showed a year-on-year increase of 2.7%, matching expectations, while the core CPI rose by 3.1%, slightly above the anticipated 3% [5] - The total U.S. national debt surpassed $37 trillion for the first time, reaching $37,004,817,625,842, indicating a significant fiscal imbalance [6] Corporate Developments - Circle, the first publicly traded stablecoin company, reported a revenue of $658 million for the second quarter, a 53% year-on-year increase, exceeding market expectations [11] - China Unicom reported a revenue exceeding 200 billion yuan for the first half of the year, with a year-on-year growth of 1.5% [15] - Kweichow Moutai announced a revenue of 89.389 billion yuan for the first half of the year, reflecting a 9.10% increase, with a net profit of 45.403 billion yuan, up 8.89% [14] Legal and Regulatory News - Elon Musk's xAI plans to take legal action against Apple, alleging anti-competitive practices in the AI sector [9] - The Chinese government has implemented a fiscal subsidy policy for personal consumption loans, aimed at stimulating consumer spending in various sectors [8]
中国恒大集团退市
Zhong Guo Qi Che Bao Wang· 2025-08-13 09:01
8月12日晚间,在香港上市的中国恒大发布公告称,公司于2025年8月8日收到香港联交所发出的信 函,表示基于公司未能满足联交所对其施加的复牌指引中的任何要求,且股份一直暂停买卖并未于2025 年7月28日之前恢复买卖,香港联交所上市委员会根据相关上市规则,已决定取消公司的上市地位。 中国恒大股份上市的最后一天为2025年8月22日(即下周五),并将于2025年8月25日上午九时起取 消股份上市地位。公司无意就上市委员会作出取消上市地位的决定申请复核。 停牌长达18个月后,中国恒大集团终迎退市定局。 ...
中国恒大将于8月25日退市 巅峰市值达4000亿港元
Xin Hua Wang· 2025-08-13 07:36
8月12日晚,中国恒大集团(简称"中国恒大")在港交所公告,公司收到联交所发出的信函,表示 基于公司未能满足联交所对其施加的复牌指引中的任何要求,且股份一直暂停买卖并未于2025年7月28 日之前恢复买卖,联交所的上市委员会根据上市规则第6.01A(1)条已决定取消公司的上市地位。 据公告,中国恒大股份上市的最后一天为2025年8月22日,并将于2025年8月25日上午9时起取消股 份上市地位。公司无意就上市委员会作出取消上市地位的决定申请复核。 中国恒大在公告中还提醒公司所有股东、投资者及潜在投资者注意,在最后上市日期后,尽管股份 的股票仍然有效,但股份将不会在联交所上市及不可在联交所买卖。此后,公司将不再受上市规则规 管。 据了解,中国恒大于2009年11月5日在港交所上市。上市首日,中国恒大股价以每股4.7港元收盘, 高出招股价34.3%,市值超过700亿港元,成为当时在港上市的最大内地民营房企。2017年10月,中国 恒大股价攀上历史巅峰,其市值也定格在4000亿港元。然而,随着2021年流动性危机爆发,恒大市值一 路走跌,截至8月13日早间,中国恒大市值已跌至21.52亿港元。(马渭松) 【纠错】 ...