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.
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 Vanke Co (萬科) rebounded from record lows in credit markets, as people familiar with the matter said the distressed ...
China Vanke Co., the country’s largest privately held developer, might just be in that uneasy spot even as Beijing vows to stabilize housing prices in 2025. Vanke is facing a liquidity crunch.
Property developer China Vanke told some investors on Wednesday that it had no plans to extend its bonds amid a market ...
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 ...
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