China Vanke CEO's reported detention deepens property sector concerns
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
China Vanke's Turmoil: CEO Detention Rattles Real Estate Market
China's property sector is in turmoil as China Vanke's CEO, Zhu Jiusheng, has been detained. This has sparked fears of a government takeover, sending the company's shares plummeting. The incident is part of wider concerns about debt in China's real estate market,
China: Shares of Chinese developer Vanke plummet 7.8% after CEO reportedly detained
Shares of China’s second-largest property developer, Vanke, dropped 7.8 percent Friday amid uncertainty over the whereabouts of the company's CEO, Zhu Jiusheng. Jiusheng was reportedly detained Thursday night,
China Vanke's CEO detained by authorities, state media reports
China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media The Economic Observer reported on Thursday.
CHINA VANKE's Zhu Jiusheng Updates WeChat Moments Late at Night: Report
Rumor has it that Zhu Jiusheng, CHINA VANKE (02202.HK) president, CEO, and chief partner of the long-term rental apartment division, was taken away by public security authorities on the 15th. Zhu updated his WeChat Moments in the early hours of the 17th and shared promotions related to the company's long-term rental apartment brand "Port Apartment",
China Vanke's CEO taken away by police: Report
Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources.
China developer Vanke’s fate in question as shares and bonds drop amid rumours
Vanke’s shares fell 3.29 per cent to HK$4.70 on Friday following media reports on Thursday evening that its president and CEO, Zhu Jiusheng, had been detained by police. The company’s mainland-listed shares dropped by 3.63 per cent to 6.63 yuan. Shenzhen Metro Group, operator of the city’s rail transit network, is Vanke’s largest shareholder.
Vanke Bonds Rebound From Lows as Focus Shifts to Local Note
China Vanke Co.’s top executive was taken away by police and the Chinese property giant may be assumed by state authorities, the Economic Observer reported, citing unidentified sources.Most Read from BloombergThese Homes Withstood the LA Fires.
China Vanke’s Hong Kong shares set to fall 8.4% after CEO reportedly detained
The Hong Kong-listed shares of property developer China Vanke were set to fall 8.4% on Friday after state media reported that Chief Executive Zhu Jiusheng was detained by Chinese
China Vanke's CEO Detainment Sparks Property Sector Concerns
China Vanke faced heightened scrutiny after reports of its CEO's detainment, adding to concerns about the country's struggling property sector. Despite being backed by major state-owned shareholder Shenzhen Metro,
China Vanke's Hong Kong shares drop 8% after report of CEO detention
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive.A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
Nikkei Asia15h
China Vanke shares sink amid speculation over top exec's whereabouts
HONG KONG -- Property developer China Vanke's shares fell sharply in Hong Kong and Shenzhen on Friday, as speculation swirled ...
devdiscourse1d
China Vanke's Uncertain Future: Government Intervention Sparks Worries
China Vanke's CEO Zhu Jiusheng has been detained, and a Shenzhen task force is now supervising the company. This development raises the prospect of a government takeover, which could further ...