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

Deep News
Aug 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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