China Evergrande's HK$400 Billion Market Value to Vanish Into Thin Air

Deep News
2025/08/21

On August 20, the Hong Kong Stock Exchange issued an announcement stating that China Evergrande's listing status will be cancelled under Rule 6.01A(1) of the Listing Rules, effective from 9:00 AM on August 25, 2025.

China Evergrande went public in Hong Kong on November 5, 2009, achieving a market capitalization of over HK$70 billion and becoming the largest mainland private property developer listed in Hong Kong at that time. During Evergrande's historic peak in 2017, its share price reached a high of HK$28, with market capitalization exceeding HK$400 billion, making it the world's highest-valued real estate developer by market cap.

After an 18-month trading suspension, China Evergrande faces a dismal conclusion with a market value of HK$2.152 billion, representing a decline of over 99% from its historical peak.

In mid-August this year, China Evergrande abandoned its struggle and issued an announcement on the Hong Kong Stock Exchange stating that the company has no intention of applying for a review of the Listing Committee's decision to cancel its listing status, bringing an end to its 16-year journey on the exchange.

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