Core Viewpoint - China Evergrande Group is undergoing liquidation and will be delisted from the Hong Kong Stock Exchange, which is expected to accelerate the bankruptcy process and asset liquidation [1][4]. Group 1: Liquidation and Delisting - On August 14, China Evergrande announced further details regarding its liquidation and continued suspension of trading [1]. - The court hearing for the liquidation application is scheduled for September 16, 2025, in Hong Kong [3]. - Trading of China Evergrande's shares will be suspended from January 29, 2024, and will officially be delisted on August 25, 2025 [3]. Group 2: Financial Impact - The company's stock price has dropped to 0.163 HKD per share, with a total market capitalization falling from over 370 billion HKD at its peak to 2.15 billion HKD at the time of suspension [3]. - The last trading date for the company's shares is set for August 22, 2025 [3]. Group 3: Implications for Stakeholders - The decision to delist is seen as a means to expedite the bankruptcy process and protect the interests of creditors [4]. - Despite the control of the liquidators, the actual realizable value of the company's assets is low, with only Evergrande Property having significant value [4]. - The delisting may cause short-term market disruptions, particularly affecting the financing of Chinese real estate companies abroad, but is viewed as a necessary step for market cleansing and restructuring [4].