Evergrande to delist from HK bourse on Aug 25

Property developer China Evergrande Group announced on Tuesday that the Hong Kong stock exchange has decided to delist it, effective Aug 25, and the company confirmed it will not apply for a review.

The announcement came after a letter was received from the bourse operator on Friday, stating that Evergrande, which is already in the process of liquidation, "failed to fulfil any of the requirements" for resumption of trade.

The final listing day will be Aug 22, with the delisting taking effect three days later, bringing an end to its 16-year run as a Hong Kong-listed entity.