China Evergrande Group is edging closer to delisting from the Hong Kong stock exchange, as the trading suspension imposed following its court-ordered liquidation hit the 18-month mark.
The company’s shares have been suspended from trading since January 29, 2024 – the same day a Hong Kong court ordered its liquidation after it failed to present a viable restructuring plan. Under the exchange’s rules, a company that remains suspended for 18 consecutive months is subject to delisting.
Evergrande,…
Source : South China Morning Post
Read more…China Evergrande nears delisting as 18-month suspension deadline expires















