China Evergrande liquidators say $255 million of assets have been sold

China Evergrande New Energy Vehicle

12/08/2025 12:26

By Clare Jim and Scott Murdoch

HONG KONG, Aug 12 (Reuters) - Liquidators of China Evergrande Group, the world's most indebted property developer, said on Tuesday they have sold about $255 million of its assets 18 months into the process and taken control of more than 100 of the company's subsidiaries.

Evergrande's debt collapse is the largest in China, lawyers say, and the liquidation has proved challenging as the majority of Evergrande's units and assets are offshore and many of them have been seized by creditors.

The developer's shares 3333.HK will be delisted from the Hong Kong Stock Exchange on August 25 after they failed to resume trading per listing rules, the firm also said in a filing.

 (Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Kim Coghill)

 ((clare.jim@thomsonreuters.com;))