Evergrande, once China’s second-largest property developer and now the world’s most indebted company, said on Tuesday it will be delisted from the Hong Kong stock exchange on 25 August.
The company, founded in 1996, grew on a wave of debt-fuelled expansion by aggressively borrowing to buy land and build projects. It later diversified into wealth management, electric vehicles, theme parks, bottled water and even a soccer club.
