China Evergrande Group said the Hong Kong Stock Exchange will cancel its listing at 9:00 a.m. on 25 August, with the last trading day set for 22 August. The bourse invoked Rule 6.01A(1), which allows a delisting after shares have been suspended for 18 consecutive months. Evergrande, whose stock has not traded since 29 January 2024, will not seek a review of the decision. The delisting follows a Hong Kong court’s liquidation order in January 2024, issued after the developer failed to present a workable restructuring plan. Evergrande defaulted on its first offshore bond in December 2021 and was once China’s largest property seller, valued at more than US$50 billion at its 2017 peak. Court-appointed liquidators disclosed on Tuesday that they have received about US$45 billion in debt claims and have so far realised only US$255 million from asset sales. Shareholders, whose equity last changed hands at less than HK$0.20, face near-total losses once the stock is removed from the exchange. Evergrande’s exit underscores the prolonged downturn in China’s property market and raises the prospect of further delistings among other suspended developers. The company still has two Hong Kong-listed subsidiaries—property services and electric-vehicle units—both of which remain halted and could face similar scrutiny.