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,
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO ...
China Vanke Co (萬科) rebounded from record lows in credit markets, as people familiar with the matter said the distressed ...
(Reuters) -Property developer China Vanke told some investors on Wednesday that it had no plans to extend the maturity dates of its bonds amid a market sell-off, financial news outlet REDD ...
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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback