However,
Riddled debts, evergrande ejected hong:
Keystone-SDA
The Chinese real estate group in difficulty. Therefore, China Evergrande Group, will be withdrawn from the Hong Kong Stock Exchange, indicates a document filed on Tuesday on the stock market. Consequently, – Riddled debts, evergrande ejected hong
(Keystone-ATS) The company has received a letter indicating that “the stock market listing committee has decided to cancel the listing of the company … because the company has not fulfilled any of the requirements established in the directives (…) imposed by the Stock Exchange and the riddled debts, evergrande ejected hong negotiation of shares has remained suspended”, indicates the document.
The real estate giant Evergrande was lacking in 2021. became emblematic of a long -term crisis of the Chinese real estate market.
A court of Hong Kong issued a liquidation order for Evergrande in January 2024. judging that the company had not proposed a debt reimbursement plan suitable for its creditors.
The rating of Evergrande’s shares on the Hong Kong Stock Exchange was then suspended.
Liquidators have taken measures to recover the investments of creditors. in particular by intending a trial against PWC (PricewaterhouseCoopers) and its continental Chinese branch for their role in the audit of the promoter riddled with debts.
Flight of the debt
Evergrande’s actions will be struck off on August 25. according to the document filed on Tuesday, awarded to Liquidators Edward Middleton and Tiffany Wong.
Middleton and Wong declared in an attached advancement report that the burden debt burden is higher than the riddled debts, evergrande ejected hong 27.5 billion dollars previously estimated.
“As of July 31. 2025, this exercise of discovery of claims led to the submission of 187 debt evidence, thanks to which complaints of around 350 billion HK $ (US $ 45 billion) were made,” said the document.
This figure should not be considered final, added Middleton and Wong.
riddled debts. evergrande ejected hong — Riddled debts, evergrande ejected hong: Keystone-SDA The Chinese real estate group in difficulty, China Evergrande Group, will be withdrawn from the .
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