China Evergrande Neighborhood has presented its shares will more than likely be delisted from the Hong Kong Stock Alternate, as court docket-appointed liquidators warned the sincere estate agency’s debt load modified into once a long way bigger than earlier estimated.
In a filing on Tuesday, the company mentioned the stock replace has made up our minds to assassinate its checklist from August 25 – as procuring and selling had no longer resumed by July 28 – and it would possibly perchance most likely no longer prepare for a analysis of the choice.
“The closing day of the checklist of the shares will more than likely be on August 22, 2025 and the checklist of the shares will more than likely be cancelled with form from 9am on August 25, 2025,” the filing be taught.
“All shareholders, investors and doable investors of the company would possibly furthermore merely soundless deliver that after the closing checklist date, while the piece certificates of the shares will remain official, the shares would possibly no longer be listed on, and would possibly furthermore merely soundless no longer be tradeable on the stock replace.”
Hong Kong’s Excessive Court docket issued a winding-up order for Evergrande in January 2024, ruling that the debt-encumbered company had failed to return up with a viable restructuring thought. Buying and selling of its shares has since been suspended.
In an hooked up progress file, liquidators Edward Middleton and Tiffany Wong mentioned a “holistic” restructuring is out of attain.
Besides they mentioned Evergrande’s debt load exceeded the US$27.5 billion of liabilities disclosed in its monetary thought in December 2022.
“As at July 31, 2025, this claims’ discovery exercise had resulted in 187 proofs of debt being submitted, whereby claims of approximately HK$350 billion (US$forty five billion) in mixture maintain been made,” the doc be taught.
But the most modern desire modified into once to no longer be taken as closing, the liquidators added.
