Evergrande, the world’s most indebted property developer, has been officially ejected from Hong Kong’s stock exchange, bringing down the curtain on the public status of a company that embodied the rise and fall of China’s real estate sector.

The developer, which specialised in residential apartments, shook global markets after a 2021 default on offshore bonds alerted the world to a cash crunch in China’s property sector.

Evergrande’s shares had been suspended since January last year, when a Hong Kong court put the listed entity into liquidation after years of restructuring talks fell through. The stock exchange said last week it would cancel its listing on Monday, after it failed to meet the bourse’s resumption guidance of having to recommence trading of its shares within 18 months.