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Fortune
Fortune
Nicholas Gordon

Country Garden to be booted from Hong Kong's stock index

Country Garden Hong Kong China Country Garden Services Evergrande
(Credit: Qilai Shen—Bloomberg via Getty Images)

There’s even more bad news for Country Garden, the embattled developer that’s the latest to look unsteady amid China’s real estate crisis.

Country Garden Holdings will be removed from the Hang Seng Index, Hong Kong’s flagship index tracking the largest companies on the city’s stock exchange, the index’s compiler announced on Friday.

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