Evergrande: China’s property giant delisted from Hong Kong stock exchange
by Luca Ittimani from Economics | The Guardian on (#6ZJTN)
Once the country's biggest real estate firm, Evergrande was worth more than $50bn at its peak and helped propel China's rapid economic growth
Evergrande, formerly one of China's biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace.
The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer - once valued at more than HK$400bn (US$50bn) - was put into liquidation.
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