Evergrande's Delisting Marks a Turning Point for China's Property Sector
TL;DR Summary
Evergrande, once China’s second-largest property developer, has been delisted from the Hong Kong stock exchange after an 18-month trading freeze and liquidation process, marking its collapse from a peak valuation of over HK$400bn to just HK$2bn amid China’s ongoing property market downturn and massive debt default.
- Evergrande: China’s property giant delisted from Hong Kong stock exchange The Guardian
- Evergrande’s $50 billion rise and fall leaves scars on China's property sector CNBC
- China Evergrande Delisted From Hong Kong Stock Exchange The New York Times
- Evergrande: Why should I care about the crisis-hit Chinese property giant? BBC
- Delisting of once-loved Evergrande closes tumultuous chapter for investors Reuters
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