Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
HONG KONG, Aug. 25 (Xinhua) — Chinese real estate developer China Evergrande Group officially delisted from the Hong Kong Stock Exchange on Aug. 25.
Earlier, the Hong Kong Stock Exchange announced that China Evergrande Group's status as a listed company would be revoked as of 09:00 on August 25.
The exchange also reported that the company's shares have not been traded since January 29, 2024. According to the relevant regulations, if the company fails to restore trading in its shares by July 28, 2025, it will be delisted.
In 2024, the China Securities Regulatory Commission held the company administratively liable in accordance with laws for fraudulent bond issuance and information disclosure violations, requiring the company to correct its mistakes, issuing a reprimand with a warning, and imposing a fine of 4.175 billion yuan.
The company's then chairman and beneficial owner, Xu Jiayin, was fined 47 million yuan and was also banned from the stock market for life. -0-
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