$EGRNF Trading has halted for this stock I believe, and in regards to any hopes of the stock getting reinstated and trading, and moreover the business becoming active and viable, has to be a very remote longshot, basically it would take an act from god, or Xi Jinping.
Here's one way, albeit with tons of things that would all have to go right:
1) Evergrande will (be forced and required to) continue to complete ongoing home construction projects
2) Saleable assets will be liquidated for creditors, particularly the 2 big ones in Hong Kong, the Property Services Group and the New Energy Vehicle Group, and a new creditor debt restructuring plan will be proposed - and approved by creditors, and if so the Hong Kong court will follow suit
3) On mainland China though, where 90% of Evergrande's assets are, and where the Hong Kong bankruptcy ruling will not be enforceable, will allow Evergrande to continue as a going concern
4) Stocks begin trading again on all pertinent stock exchanges
$EGRNF China Evergrande faces winding-up order in Hong Kong court
https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
Down For 4 Straight Years, Will The Hang Seng Index Capitulate? $CTRYF $EGRNF https://talkmarkets.com/content/global-markets/down-for-4-straight-years-will-the-hang-seng-index-capitulate?post=424373&userid=121103
$EGRNF 2023-11-01
(1) "Evergrande proposes new debt plan where offshore creditors get 30% equity stake in subsidiaries: sources
Offshore bondholders holding about US$19 billion of debt are likely to take a major haircut on their investments if they agree to the new terms, two sources says
The restructuring plan could have a higher recovery rate for creditors than a liquidation scenario of less than 3 per cent, a lawyer for a group of bondholders says.
China Evergrande Group has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30 per cent equity stake in each of the developer’s two Hong Kong-listed subsidiaries, according to two sources familiar with the matter." ... >(2)
$EGRNF Key News Update
China Evergrande's winding-up hearing in Hong Kong court adjourned, shares plummet.
https://www.cnbc.com/2023/10/30/evergrande-shares-at-all-time-low-as-court-adjourns-winding-up-hearing.html
