Evergrande Delisting Yet to Solve China Property Crisis

CHINA EVERGRANDE GROUP was kicked off the Hong Kong stock exchange on Monday in one of the largest delistings by market value and volume in recent years and marking an end to what's been a tumultuous boom-and-bust saga for its investors.

- REUTERS

Trading in shares in the world's most indebted developer, with more than $300 billion in liabilities, had been suspended since a court order on January 29 that the company be liquidated after defaulting on its debts and failing to come up with a reorganization plan.

That paved the way for Evergrande's delisting on Monday under the exchange's rules.