Evergrande: China’s Indebted Property Behemoth Delisted From Hong Kong Stock Market

Evergrande: China’s indebted property behemoth delisted from Hong Kong stock market

When traders kicked off another week of action at the Hong Kong Stock Exchange, data on the shares of one previously high-soaring firm was nowhere to be seen. China Evergrande Group — once the country’s top property developer but now mired in debt as the industry struggles to regain its footing — had seen its shares unceremoniously removed from the city’s bourse. China Evergrande Centre in Hong Kong. Photo: Wikimedia Commons. For most observers,…

Evergrande Delisted After Dramatic Collapse in China’s Property Market

Evergrande’s shares were officially removed from the Hong Kong stock market on Monday, closing the chapter on what was once China’s most valuable property developer. The company, once worth more than $50 billion, collapsed under a mountain of debt that made it the world’s most indebted property firm. Experts say the delisting was inevitable. “Once delisted, there is no coming back,” said Dan Wang, China director at Eurasia Group. Rise and Collap…

What to know about the delisting of Evergrande’s shares in Hong Kong

Shares in China Evergrande were removed from the Hong Kong Stock Exchange earlier this week, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China’s property market. Evergrande’s creditors are still working to wind up debts that amounted to more than $340 billion. Once China’s second-largest developer, […] The post What to know about the delisting of Evergrande’s shares i…