China Evergrande Group announced on Tuesday that its Hong Kong shares will be delisted on August 25, following the stock exchange's decision to remove the firm from its listing. The embattled developer will not contest this move. The world’s most indebted property company said it was told Friday that its listing would be cancelled for failing “to fulfil any of the requirements” to resume trading. Evergrande’s shares have been suspended since January 29, 2024, when a Hong Kong court ordered the company's liquidation after it failed to present a viable restructuring plan. Under exchange rules, firms suspended for 18 consecutive months face delisting.