China Evergrande Group Faces Delisting

The Hong Kong Stock Exchange (SEHK) is set to delist China Evergrande Group as the 18-month trade suspension, imposed following its collapse, is about to expire. This marks a significant downfall for what was once the world's most valuable real estate company.

The Final Countdown

SEHK halted trading of Evergrande's shares on January 29, 2024, the same day Hong Kong courts ordered its liquidation due to the failure of its leadership to present a viable restructuring plan. According to SEHK rules, companies that do not trade for 18 months face delisting.

A Global Financial Shockwave

Evergrande's financial crash in 2021 sent shockwaves through stock markets across the Asia-Pacific region, Europe, and the United States. Despite attempts to salvage the company, including alleged interventions by the Chinese government, Evergrande was declared in default and subsequently filed for bankruptcy in the U.S. in 2023.