HONG KONG — A deadline for China Evergrande Group to meet requirements to remain listed in Hong Kong has passed, raising the prospect of a coup de grace for a once-mighty developer at the center of the country’s property debt crisis.
Trading of the group’s shares has been halted since Jan. 29, 2024, after they plunged more than 20% following a Hong Kong court’s ruling that the company should enter liquidation. The shares were last traded at 0.163 Hong Kong dollars, representing a market capitalization of HK$2.2 billion ($280 million).
