Evergrande liquidation: Transfer unwind approved, trading remains suspended

China Evergrande Group (HKEX:3333) announced that the Hong Kong Court has approved the Transfer Unwind Application, allowing for the transfer of the CEG Holdings Share from the Company to Shengjian (BVI) Limited in accordance with the court's Orders. This development is part of the ongoing winding-up proceedings. Edward Simon Middleton and Wing Sze Tiffany Wong continue to serve as Joint and Several Liquidators. Trading in Evergrande shares remains suspended since January 29, 2024, and will continue to be suspended until further notice. Shareholders, investors, and potential investors are advised to exercise caution when dealing in the securities of the Company.