From $50 billion to bust, investors count cost of China Evergrande's market tryst
China Evergrande Group, once a leading developer, has been delisted from the Hong Kong Stock Exchange, marking a significant moment in China's property crisis. Burdened by over $300 billion in liabilities, Evergrande's fall from grace highlights the risks of debt-fueled expansion.
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.
For investors in the firm the journey has been anything but grand.
The developer started with a strong public market debut and a stock value of $9 billion in late 2009 that grew more than five-fold to $51 billion eight years later only to plummet to earth in recent years; it is now worth a meagre $282 million.
https://realty.economictimes.indiatimes.com/news/international/evergrandes-fall-from-50-billion-to-delisting-in-hong-kong/123465428
Roger Stone, is that a black eye?
Back it up and get a screen grab then, stupid fuck.
I think he's drunk too.