HONG KONG (AP) — China Evergrande on Tuesday said it will be delisted from Hong Kong’s stock exchange on Aug. 25, more than a year and a half after the city’s court ordered the heavily indebted real estate developer to be liquidated in another setback to mainland China’s property sector.

Evergrande was the world’s most heavily indebted real estate developer , with $300 billion owed to banks and bondholders, when the court handed down a liquidation order in January 2024.

The court ruled the company had failed to provide a viable restructuring plan for its debts, which fueled fears about China’s rising debt burden, and trading of its shares has been halted since the ruling.

The city’s listing rules stipulate the listing of companies may be cancelled if trading in their securities has rema

See Full Page