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Caixin Global
Caixin Global
Business
Chen Bo and Han Wei

Curtain Falls on Evergrande as Hong Kong Delisting Looms Aug. 25

Evergrande Hong Kong China
Evergrande’s 2021 default shook global markets and marked the end of China’s debt-driven property boom

China Evergrande Group will be delisted from the Hong Kong Stock Exchange later this month, marking the final chapter for the world’s most indebted property developer after its collapse triggered a crisis across China’s real estate sector.

The exchange’s Listing Committee decided to cancel the company’s listing from the start of trading on Aug. 25, Evergrande said in a filing Tuesday evening. Its last trading day will be Aug. 22, and it is not seeking a review of the decision.

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