Chinese property giant Evergrande’s shares were taken off the Hong Kong stock market on Monday after more than a decade and a half of trading.

It marks a grim milestone for what was once China’s biggest real estate firm, with a stock market valuation of more than $50bn (£37.1bn). That was before its spectacular collapse under the weight of the huge debts that had powered its meteoric rise.

Experts say the delisting was both inevitable and final.

  • Not_mikey@lemmy.dbzer0.com
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    1 day ago

    Sounds like profit to me, houses and buildings got built, rent and housing prices are going down. Sucks for the megacorp though.