Evergrande must meet terms to avoid delisting

Chinese developer Evergrande has said the Hong Kong stock exchange has set the terms for it to avoid delisting. Evergrande, the world’s most indebted developer, said in an exchange filing yesterday that it had until 20 September 2023 to resume trading in its shares. The developer will need to meet a series of conditions including publishing an independent investigation into its property services unit and demonstrating it has sufficient assets to operate. Failure to meet the requirements would result in Evergrande, whose shares have already been suspended from trading for more than three months, being delisted from Hong Kong’s stock market. The FT (£)