A management reshuffle at China Vanke that reinforced government support sent the developer's shares higher on Tuesday, as ...
Officials of Shenzhen, the southern metropolis where Vanke is based, held a closed-door meeting to discuss Vanke on Friday, said the people, asking not to be identified discussing a private matter.
Shares of China Vanke jumped after key management changes fueled hopes that the government is stepping in to rescue the troubled property developer.
Xin Jie, the chairman of its major state-owned shareholder Shenzhen Metro, will become Vanke's chairman, signalling increased state oversight on expectations that the government would step in to ...
Vanke has no effective management at the top. State-owned Shenzhen Metro Group Co., its largest shareholder, held only a 27% stake as of last September, making it arguably a passive investor.
(Bloomberg) -- China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted ...
HONG KONG -- China Vanke Group on Monday announced the resignations ... the company said in filings to the stock exchanges in Hong Kong and Shenzhen.
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange ...
Analysts cautioned, however, that it remained to be seen to what extent the local government of Shenzhen is planning to help Vanke ease its financial stress, and said if its liquidity problems ...
Xin Jie, the chairman of its major state-owned shareholder Shenzhen Metro, will become Vanke's chairman, signalling increased state oversight on expectations that the government would step in to ...