Group 1 - The core point of the announcement is that China Evergrande Group will have its listing status canceled due to failure to meet the resumption guidelines set by the Hong Kong Stock Exchange [2][6] - The last day of trading for the company's shares will be August 22, 2025, and the cancellation of listing status will take effect on August 25, 2025 [6][2] - The company has no intention to appeal the decision made by the listing committee regarding the cancellation of its listing status [2][6] Group 2 - The company’s shares have been suspended from trading since January 29, 2024, and will remain suspended until the cancellation of its listing status [7][6] - Prior to the suspension, the share price was reported at HKD 0.163 per share, with a total market capitalization of HKD 2.2 billion [7][6] - The company has been under liquidation since a court ruling in January 2024, with total liabilities amounting to CNY 2.4 trillion [11] Group 3 - The founder of the company, Xu Jiayin, has faced legal issues, including allegations of financial fraud, leading to penalties for several former executives [10][11] - The company has been involved in significant legal actions, including lawsuits to recover approximately USD 6 billion in dividends and compensation from Xu Jiayin and other former executives [11][12] - The company’s financial troubles have been exacerbated by a high debt load and a history of aggressive expansion strategies [9][11]
恒大,突传大消息!
Zhong Guo Jing Ying Bao·2025-08-12 23:47