Core Viewpoint - China Evergrande Group is facing delisting from the Hong Kong Stock Exchange due to its inability to meet the resumption requirements, marking a significant decline from being one of the largest real estate companies in China [2][4][10]. Group 1: Delisting Announcement - On August 12, China Evergrande announced it received a letter from the Hong Kong Stock Exchange stating that it failed to meet any of the resumption requirements, leading to a decision to cancel its listing status [2][4]. - The last trading day for China Evergrande shares is scheduled for August 22, 2025, with delisting effective from August 25, 2025 [7]. Group 2: Financial Struggles - China Evergrande's total liabilities exceed 2 trillion yuan, with a reported loss of over 800 billion yuan for the years 2021 and 2022, setting a record for the highest loss by a Chinese company [8][10]. - As of December 31, 2022, the total liabilities of China Evergrande amounted to 24,374.1 billion yuan [10]. Group 3: Historical Context - China Evergrande was listed on the Hong Kong Stock Exchange in November 2009 and once had a market capitalization of 370 billion HKD, making it the largest private real estate company in mainland China at that time [9][10]. - The company faced a significant downturn after the wealth crisis in 2021, leading to asset restructuring and a prolonged suspension of trading since January 29, 2024 [10].
唏嘘!中国恒大,退市!
券商中国·2025-08-12 13:12