The New York Times4d
Another Chinese Builder Is Facing a Cash Crisis
China Vanke, one of the country’s largest developers ... up with the resources to finish apartments. Last week, Country Garden, another property giant that defaulted on $187 billion of debt ...
scmp.com3d
Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt
Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion net loss for 2024 as it struggles to get out ...
The Financial Times4d
Vanke’s woes reignite fears for China’s property sector
Leading Chinese property developer Vanke has forecast a $6.2bn annual loss ... engulfed a host of other developers including Country Garden. After weeks of swirling concerns over the health ...
Yahoo Finance3d
China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over ...
Yahoo Finance2d
Rare China Support Shows Vanke May Be Too Big to Fail
Vanke’s bonds soared as investors bet that the embattled developer will avoid the fate of China Evergrande Group and Country Garden Holdings Co. that defaulted in recent years with little help ...
Reuters3d
China Vanke bonds jump after plan to redeem early $138 million onshore notes
SHANGHAI/HONG KONG, Jan 27 (Reuters) - China Vanke's (000002.SZ), opens new tab bonds gained on Monday after the state-backed developer said it would redeem its 2027 notes worth 1 billion yuan ($ ...
Reuters3d
China Vanke's CEO, chairman resign amid growing liquidity worries
Jan 27 (Reuters) - Property developer China Vanke (000002.SZ), opens new tab said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns over the company's ...
Nikkei Asia3d
China Vanke's top executives step down as $6.2bn net loss looms
HONG KONG -- China Vanke Group on Monday announced the resignations of its top two executives, with immediate effect, as the property developer warned of steep losses for last year. In the latest ...
The Daily Gazette4d
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Beijing has in recent ...
The Peninsula3d
Chinese property giant Vanke warns of huge loss, CEO resigns
Beijing: Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. The company ...
Saipan Tribune4d
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Beijing has in recent ...