【导读】恒大终究是要退市了！ 中国恒大：将于8月25日上午九时起取消上市地位 8月12日，中国恒大集团发布公告称，公司于2025年8月8日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)条已决定取消本公司的上市地位。 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 请覆核。 中国恒大表示，公司所有股东、投资者及潜在投资者应注意，于最后上市日期后，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 于联交所买卖。此后，本公司将不再受上市规则规管。 对于清盘进展情况，在中国恒大取消上市地位前，清盘人拟向公司的持有者提供一份报告，概述公司在2024年1月29日至2025年7月31日期间的清 盘进度。 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内容概不負責,對其準確性 或完整性亦不發表任何聲明,并明確表示概不就因本公告全部或任何部分内容而産生或因依賴 該等內容而引致之 ...

Core Viewpoint - China Evergrande Group, once a leading real estate company, is facing delisting from the Hong Kong Stock Exchange due to failure to meet the resumption guidelines set by the exchange, marking the end of its capital market journey after four years of turmoil [2][4]. Group 1: Company History and Performance - China Evergrande was listed on the Hong Kong Stock Exchange on November 5, 2009, with a closing price of HKD 4.7 per share, marking a significant entry into the capital market [14][15]. - The company rapidly expanded using a high-leverage model, becoming a major player in the real estate sector, particularly in third- and fourth-tier cities in China [16]. - In 2017, the company's market capitalization peaked at HKD 400 billion, and its founder, Xu Jiayin, became the richest person in China with a net worth of CNY 290 billion [17][19]. Group 2: Financial Troubles and Legal Issues - In January 2024, the Hong Kong High Court issued a winding-up order against China Evergrande, leading to a countdown to delisting [4]. - The company has faced multiple winding-up orders for its subsidiaries, and the appointed liquidators are focused on investigating the company's affairs and recovering assets for creditors [5][6]. - The liquidators have filed lawsuits against Xu Jiayin and other executives for alleged breaches of duty related to financial statements from 2018 to 2020, seeking approximately USD 6 billion in dividends and compensation [6][13]. Group 3: Recent Developments - As of March 2023, the liquidators have not found a restructuring plan that would allow the company to meet the resumption guidelines and resume trading [6]. - Following a 500-day suspension, China Evergrande resumed trading in August 2023, but the stock price plummeted, leading to a final delisting announcement on August 12, 2025 [20].

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, marking the end of its trading history [1][2]. Group 1: Company Financials - As of June 30, 2023, China Evergrande's total liabilities reached 2.39 trillion yuan, while its total assets were only 1.74 trillion yuan, indicating insolvency [2][7]. - The company has been under liquidation since January 29, 2024, following a court order from the Hong Kong High Court [5]. Group 2: Legal and Regulatory Issues - The Hong Kong High Court ruled that only statutory creditors could participate in the liquidation process, excluding economic interest holders [6]. - China Evergrande has faced numerous legal challenges, with 1,533 significant litigation and arbitration cases involving amounts over 50 million yuan, totaling 431.26 billion yuan from January 1, 2020, to August 31, 2023 [8]. Group 3: Management and Leadership - Chairman Xu Jiayin and several key executives have been detained on suspicion of illegal activities, raising concerns about corporate governance [7][10]. - Xu Jiayin's family has reportedly benefited significantly from dividends, with nearly 700 million yuan distributed from 2009 to June 2021, despite the company's financial troubles [9]. Group 4: Asset Management and Transfers - The liquidators are pursuing 6 billion USD in dividends and salaries from Xu Jiayin and his ex-wife Ding Yumei to recover losses for creditors [14]. - Assets belonging to Xu Jiayin, including luxury properties and private jets, have been frozen by the court as part of the liquidation process [14].

中国恒大取消上市地位，对于公司自身、股东、投资者以及整个房地产行业都将产生重大影响。对于公司而言，取消上市地位意味着其将失去在资本市场上 的融资渠道，未来的发展将面临更大的挑战。同时，公司的品牌形象也将受到进一步的损害，在市场上的影响力逐渐减弱。 8 月 12 日晚间，中国恒大（03333.HK）发布公告，宣布公司将于 2025 年 8 月 25 日取消上市地位。这一消息犹如一颗重磅炸弹，再次引发了市场的广泛关 注和热议。 公告显示，8 月 8 日，中国恒大收到港交所发出的信函。信中指出，基于公司未能满足港交所对其施加的复牌指引中的任何要求，且股份自 2024 年 1 月 29 日起暂停买卖，一直未恢复，并且在 2025 年 7 月 28 日之前仍未恢复买卖，港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。 根据安排，股份上市的最后一天为 2025 年 8 月 22 日，并将于 2025 年 8 月 25 日上午九时起正式取消股份上市地位。同时，中国恒大方面表示，公司无意就 上市委员会作出取消上市地位的决定申请覆核。 回顾中国恒大的发展历程，其曾经是中国房地产行业的领军企业之 ...

Group 1 - China Evergrande Group has received a letter from the Hong Kong Stock Exchange indicating that the company has failed to meet the resumption guidance set by the exchange [2] - The last trading day for China Evergrande's shares is August 22, 2025, and the listing status will be canceled on August 25, 2025, at 9 AM [2] - The company has no intention to seek a review of the decision made by the listing committee regarding the cancellation of its listing status [2]

Core Viewpoint - China Evergrande Group has been delisted from the Hong Kong Stock Exchange after failing to meet the resumption requirements set by the exchange, marking the end of its tumultuous journey in the capital market [3][4][33]. Group 1: Company Background and History - China Evergrande was once a leading real estate company, known for its rapid expansion and ambition to become a global real estate giant [8][9]. - The company was listed on the Hong Kong Stock Exchange on November 5, 2009, with a closing price of HKD 4.7, achieving a market capitalization of over HKD 700 billion [22]. - The company adopted a high-leverage, high-turnover business model, rapidly increasing its land reserves, especially in lower-tier cities [24]. Group 2: Financial Challenges and Legal Issues - In January 2024, China Evergrande was officially placed under liquidation by the Hong Kong High Court, initiating a countdown to delisting [7]. - The company has faced significant financial difficulties, including a liquidity crisis that began in 2021, leading to a drastic decline in stock price from HKD 14 to below HKD 2 within a year [30]. - The liquidators have been pursuing legal action against former executives for alleged mismanagement and financial misconduct, seeking approximately USD 6 billion (around RMB 43.8 billion) in claims [20][12]. Group 3: Delisting and Future Outlook - The last trading day for China Evergrande shares was set for August 22, 2025, with delisting effective from August 25, 2025 [4]. - Despite attempts to restructure and recover value for creditors, the company has not made significant progress in its overseas debt restructuring [11]. - Following its brief resumption of trading in 2023, the stock price plummeted to HKD 0.16, with a total market value of approximately HKD 21.52 billion [32].

【#中国恒大将于8月25日取消上市地位#】8月12日，中国恒大公告，公司将于2025年8月25日取消上市 地位。公司收到联交所信函，因其未能满足复牌指引，股份自2024年1月29日起暂停买卖，并一直未恢 复。清盘人将继续有序地保全及变现集团资产，以保障债权人利益。（每经，德塔） ...

Core Viewpoint - China Evergrande is set to be delisted from the Hong Kong Stock Exchange on August 25, 2025, following the announcement that it will not appeal the delisting decision [1][3]. Group 1: Delisting Process and Market Implications - The delisting of China Evergrande was widely anticipated and is seen as a necessary outcome of market dynamics, reflecting the accelerated metabolism of the Hong Kong capital market [4][5]. - According to Hong Kong's listing rules, a company can be delisted if its securities are suspended for 18 months, which applies to China Evergrande as it has been suspended since January 29, 2024, due to a court-ordered liquidation [5]. - From 2018 to June 2025, a total of 167 companies were forcibly delisted from the Hong Kong main board, with an average of over 30 companies delisted annually from 2022 to 2024 [5]. Group 2: Impact on Creditors and Operations - The delisting does not affect the rights of creditors, as they can still assert their claims during the liquidation process, and the liquidation will continue unaffected [6]. - China Evergrande's stock will remain suspended until its delisting is finalized, and the company has been unable to find a restructuring plan to meet the requirements for resuming trading [6]. - The real estate operations of China Evergrande are not directly impacted by the delisting, as the company continues to focus on completing housing deliveries [7]. Group 3: Bankruptcy Proceedings - Some subsidiaries of China Evergrande, such as Kailong Real Estate, have entered bankruptcy proceedings, which is viewed as a natural outcome of market selection [7].

北京商报讯（记者 王寅浩 李晗）8月12日，中国恒大发布公告称，公司将于8月25日从港交所退市。公 告显示，8月8日，中国恒大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）条已决定取消本公司的上市地位。 据悉，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。中国恒大称，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。 ...

2024年1月，恒大被香港高等法院正式颁布清盘令，安迈顾问有限公司的Edward Simon Middleton、黄咏诗成为其共同及各别清盘人；同时开启又一轮停牌， 直至如今被取消上市地位。 去年10月，黄咏诗曾表示，考虑到恒大的债务水平以及业务及营运所面临的挑战，在缺乏重大新投资的情况下，清盘人彼时尚未觅得可促成恒大满足复牌指 引并恢复股份买卖的重组方案。 8月12日晚间，中国恒大公告称，于8月8日收到联交所发出的信函，因未能满足复牌指引中的任何要求，且股份一直暂停买卖，并未于7月28日之前恢复买 卖，联交所上市委员会根据上市规则第6.01A条已决定取消本公司的上市地位。 中国恒大表示，股份上市的最后一天为8月22日，并将于8月25日上午九时起取消股份上市地位；本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。 出品 | 搜狐财经 作者 | 王泽红 2009年11月，中国恒大在港交所上市，距今被取消上市地位，时间跨度约15年9个月。 ...