From $50 billion to collapse, investors assess the impact of Evergrande's market affair
- FREDERICK ASAMOAH
- Aug 22
- 1 min read
China Evergrande Group largely lived up to its reputation -- it was previously the leading developer in the country, with its 2009 listing in Hong Kong being the largest by a Chinese private developer, and it held the highest level of debt in the global property sector.
This characteristic remained with the company throughout its entire boom-to-bust narrative -- its delisting from the Hong Kong stock exchange on Monday will mark one of the most significant in terms of market value and volume in recent years.
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