Evergrande, formerly one of China’s biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace.
The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer – once valued at more than HK$400bn (US$50bn) – was put into liquidation.
Liquidators had told investors earlier in August the listing was set to be cancelled and they would not seek a review, after the stock exchange warned the company it had passed the July deadline to resume trading.
The company could no longer be viewed on the exchange’s website on Monday.
It had been valued at a little over HK$2bn (US$260m), with 13bn issued shares worth just HK$0.16…