Vanke Flags Record Loss as Top Executives Resign Amid Woes
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange ...
The New York Times3d
Another Chinese Builder Is Facing a Cash Crisis
China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging. By Alexandra ...
The Financial Times3d
Vanke’s woes reignite fears for China’s property sector
Simply sign up to the Chinese business & finance myFT Digest -- delivered directly to your inbox. Leading Chinese property developer Vanke has forecast a $6.2bn annual loss and announced the ...
The Daily Gazette3d
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 ...
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 ...
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 ...
Yahoo Finance2d
China Vanke's shares jump on fresh state support, management reshuffle
Vanke's Hong Kong-listed shares closed up 2.1% on Tuesday, after opening 8.7% higher, while the Hang Seng Mainland Properties Index slipped 0.5%. China's stock markets were closed on Tuesday for ...