Evergrande to Delist Amid $45 Billion Debt and Asset Recovery
China Evergrande Group will be delisted from the Hong Kong stock exchange, marking the end of its rise as a major developer amid China's housing crisis. The company's debt has surged beyond initial estimates to over $45 billion, and its liquidation process is ongoing, with shareholders facing near-total losses. The delisting reflects the broader decline of China's real estate sector and the changing business landscape for developers.