The shares of China’s most indebted property giant Evergrande have been taken off the Hong Kong stock market, marking the end of its life as a publicly traded company that symbolised the rise and fall of China’s real estate industry.
Valued at more than $50 billion (£37.1bn) at its peak, Evergrande was China’s biggest property firm. But it became the poster-child for the problems facing Chinese developers after it collapsed under the weight of massive debts in 2021.
