End of an Era: China Evergrande’s Delisting from Hong Kong Exchange
China Evergrande Group, recognized as the world’s most indebted property developer with debts surpassing $300 billion, is set to be officially delisted from the Hong Kong Stock Exchange on August 25, 2025. This marks the conclusion of an 18-month suspension.
The delisting follows a ruling by a Hong Kong court in January 2024, which mandated the liquidation of the company. The court found that Evergrande had failed to present a feasible restructuring plan to manage its colossal debts.
Trading in Evergrande shares has remained suspended since the liquidation order. August 22, 2025, stands as the final possible trading day. The company’s liquidators disclosed earlier this week that debt claims total around $45 billion. This figure is notably higher than the previously disclosed amount of $27.5 billion.
Evergrande, founded in the mid-1990s by Hui Ka Yan, once held the position of China’s second-largest property developer. However, it became a symbol of China’s property crisis following its default on debts in 2021. The delisting signifies a symbolic conclusion to a significant chapter in China’s ongoing property sector downturn.
Source: Euronews