From US$50bil to bust, investors count cost of Evergrande's market tryst


A man walks past the headquarters of China Evergrande in Hong Kong. — AP

HONG KONG: China Evergrande Group, for the most part, lived true to its name -- it was once the country's premier developer, its listing in Hong Kong in 2009 was the biggest by a Chinese private developer, and it had the largest pile of debt in the property sector globally.

That attribute stayed with the company till the very end of its boom-to-bust saga -- its delisting from the Hong Kong stock exchange on Monday would be one of the largest by market value and volume in recent years.

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