Aug 25 (Reuters) - China Evergrande Group was delisted

from the Hong Kong stock exchange on Monday, in one of the

largest removals by market value and volume in recent years.

Once China's top-selling developer, Evergrande's financial

crisis became public in 2021. Since then, the developer and a

string of its peers have defaulted on debt obligations amid

slowing home sales and dwindling fundraising options.

Here is a timeline of how the debt crisis at Evergrande, the

world's most indebted developer, has unfolded:

AUGUST, 2021

Many Evergrande projects across the country halt

construction due to overdue payments.

China's central bank and banking watchdog summon senior

executives and issue a rare warning that Evergrande must reduce

its debt risks and prioritise stability.

SEPTEMBER, 2021

It misses two offshore bond coupon payments totalling $131

million. The payments have a grace period of 30 days.

Evergrande engages financial advisers to examine options,

warning of cross-default risks amid plunging property sales.

NOVEMBER, 2021

Evergrande founder Hui Ka Yan sells 1.2 billion shares worth

HK$2.68 billion ($343 million), lowering his stake in Evergrande

to 67.9% from 77%.

MARCH, 2022

Evergrande suspends trading in its shares, citing its

inability to publish audited results before March 31 and an

investigation of the property management arm in which 13.4

billion yuan ($1.87 billion) of deposits were seized by banks.

NOVEMBER, 2022

A mansion belonging to Evergrande founder in Hong Kong's

prestigious The Peak residential enclave is seized by China

Construction Bank (Asia).

JANUARY, 2023

Evergrande says its then auditor PricewaterhouseCoopers

resigned over disagreements over matters related to its 2021

accounts.

FEBRUARY, 2023

An independent committee finds Evergrande's directors fell

"below standards" through their involvement in diverting loans

secured by unit Evergrande Property Services ( EVGPF ) to the

group.

MARCH, 2023

Evergrande announces offshore debt restructuring plans,

giving creditors options to swap their debt into new bonds and

equity-linked instruments backed by the group and its two Hong

Kong-listed companies.

APRIL, 2023

Evergrande says 77% of the holders of class-A debts and 30%

of the holders of class-C debts have submitted their support for

the restructuring proposal.

JULY, 2023

Evergrande posts net losses of 476 billion yuan and 105.9

billion yuan for 2021 and 2022, respectively, versus a profit of

8.1 billion yuan in 2020 when its operation was normal.

AUGUST, 2023

Evergrande reports a 33 billion yuan loss in January-June,

versus a 66.4 billion yuan loss a year earlier.

Trading in Evergrande's shares resumes after 17 months, with

79% of its market value lost from when it was last traded.

SEPTEMBER, 2023

China's National Administration of Financial Regulation

approves the setting up of a state-owned insurer to take over

all assets and liabilities of Evergrande Life Insurance, a

50%-owned investee company of Evergrande.

Police in southern China say they have detained some staff

at Evergrande Financial Wealth Management, an indirect wholly

owned subsidiary of Evergrande.

Evergrande defers scheme meeting initially scheduled for

September 25-26, citing the need to reassess restructuring

terms.

Evergrande says it cannot meet qualifications for the

issuance of new notes as its flagship onshore unit Hengda Real

Estate Group was under regulatory investigation for suspected

violation of information disclosure.

Evergrande says founder is being investigated over suspected

crimes.

OCTOBER, 2023

The Hong Kong High Court gives Evergrande a five-week

reprieve to come up with a revised concrete debt restructuring

plan to avoid liquidation.

NOVEMBER, 2023

Evergrande makes last-minute revised debt restructuring

proposal to offshore creditors ahead of the hearing.

DECEMBER, 2023

Evergrande obtains another adjournment from the Hong Kong

court, giving it more time to finalise a revamped offshore

debt-restructuring plan.

Evergrande's ad hoc bondholder group says it firmly opposes

the revised restructuring terms.

January, 2024

Evergrande's new energy vehicle unit group says

its vice chairman, Liu Yongzhuo, has been detained and is under

criminal investigation.

Evergrande Property Services ( EVGPF ) says its units have started

legal proceedings against parent Evergrande to recover 11.4

billion yuan of pledge guarantees on deposit certificates.

Evergrande's ad hoc bondholder group joins the liquidation

petition against the developer.

Evergrande is issued a liquidation order by a Hong Kong

court at a Jan 29 hearing. Its shares are suspended from

trading.

March, 2024

China fines Evergrande's onshore flagship unit 4.18 billion

yuan for fraudulent bond issuance and illegal information

disclosure, and company chairman 47 million yuan and barred him

from the securities market for life.

Evergrande's liquidators starts legal proceedings against

chairman, his ex-wife and former executives to recover about $6

billion.

August, 2025

The Hong Kong Stock Exchange decides to cancel Evergrande's

listing, effective on August 25, as its shares fail to resume

trading after 18 months of suspension.

Evergrande's liquidators say they have sold $255 million of

the firm's assets 18 months into the liquidation process, while

they have received creditor claims totalling $45 billion.

($1 = 7.8169 Hong Kong dollars)

($1 = 7.1513 Chinese yuan)