Core Viewpoint - China Evergrande Group has announced that it will be delisted from the Hong Kong Stock Exchange due to failure to meet the resumption guidelines set by the exchange [3][7]. Group 1: Delisting Announcement - On August 8, 2025, the company received a letter from the exchange indicating that it had not met any of the resumption requirements, leading to the decision to cancel its listing status [3][7]. - The last day of trading for the company's shares will be August 22, 2025, with the delisting effective from 9 AM on August 25, 2025 [7][8]. - The company has no intention to appeal the decision made by the listing committee [3][7]. Group 2: Financial Background - Prior to the suspension, China Evergrande's stock price was reported at HKD 0.163 per share, with a total market capitalization of HKD 2.2 billion [9]. - The company has been under significant financial distress, with liabilities reaching CNY 2.4 trillion as of January 2024 [10]. - The company has faced legal challenges, including lawsuits initiated by liquidators to recover approximately USD 6 billion in dividends and compensation from its founder and former executives [10]. Group 3: Legal and Regulatory Issues - The founder of China Evergrande, Xu Jiayin, has been subjected to legal actions for alleged financial misconduct, including fraud and financial reporting violations [9][10]. - Several former executives have also faced penalties from the China Securities Regulatory Commission for their roles in financial misconduct [9]. - In January 2024, the Hong Kong High Court ordered the company to be liquidated, marking a significant turning point in its financial saga [10].
突传大消息！中国恒大16年上市之路终结