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Evergrande's Delisting Marks a Turning Point for China's Property Sector

1 min read
Source: The Guardian
Evergrande's Delisting Marks a Turning Point for China's Property Sector
Photo: The Guardian
TL;DR

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.

Topics:top-newsbusiness#business#china-property-market#debt-default#delisting#evergrande#liquidation
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  1. Evergrande: China’s property giant delisted from Hong Kong stock exchange  The Guardian
  2. Evergrande’s $50 billion rise and fall leaves scars on China's property sector  CNBC
  3. China Evergrande Delisted From Hong Kong Stock Exchange  The New York Times
  4. Evergrande: Why should I care about the crisis-hit Chinese property giant?  BBC
  5. Delisting of once-loved Evergrande closes tumultuous chapter for investors  Reuters

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