By P.R. Venkat

China Evergrande Group, one of the world's most indebted property developers, will be delisted from the Hong Kong Exchange later this month as it has failed to meet the regulators' listing norms.

Last week, the company received a letter from the regulator informing it that the Hong Kong Stock Exchange listing committee has decided to cancel Evergrande Group's listing, the developer said late Tuesday.

This decision was made under the rule that the company's securities have been suspended from trading for a continuous period of 18 months.

Evergrande said it wouldn't apply for a review of the delisting decision. The listing of the shares will be canceled from Aug. 25.

The company was ordered to liquidate in January last year by a Hong Kong court after it had failed to reach a restructuring plan with creditors. Evergrande defaulted on dollar bonds in 2021 after running up liabilities of more than $300 billion, helping spark a broader property crisis in China.

The Hong Kong-appointed liquidators have so far been able to realize $255 million in assets, which they termed "modest."

"The liquidators will continue their structured approach to preserving value and realising assets from the group for the ultimate benefit of the company's creditors," the liquidator's progress report posted by Evergrande showed.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

August 12, 2025 19:26 ET (23:26 GMT)

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