China Evergrande Group has announced its shares will be delisted from the Hong Kong Stock Exchange, as court-appointed liquidators warned the real estate firm's debt load was far bigger than earlier estimated.

In a filing on Tuesday, the company said the stock exchange has decided to cancel its listing from August 25 – as trading had not resumed by July 28 – and it would not apply for a review of the decision.

"The last day of the listing of the shares will be on August 22, 2025 and the listing of the shares will be cancelled with effect from 9am on August 25, 2025," the filing read.

"All shareholders, investors and potential investors of the company should note that after the last listing date, whilst the share certificates of the shares will remain valid, the shares will not be listed on, and will not be tradeable on the stock exchange."

Hong Kong's High Court issued a winding-up order for Evergrande in January 2024, ruling that the debt-laden company had failed to come up with a viable restructuring plan. Trading of its shares has since been suspended.

In an attached progress report, liquidators Edward Middleton and Tiffany Wong said a "holistic" restructuring is out of reach.

They also said Evergrande's debt load exceeded the US$27.5 billion of liabilities disclosed in its financial statement in December 2022.

"As at July 31, 2025, this claims' discovery exercise had resulted in 187 proofs of debt being submitted, by which claims of approximately HK$350 billion (US$45 billion) in aggregate have been made," the document read.

But the latest figure was not to be taken as final, the liquidators added.