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China Vanke’s first-quarter loss widened, underscoring the property developer’s challenges even after the government in its hometown of Shenzhen stepped in to take control of operations.
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Vanke Flags Record Loss as Top Executives Resign Amid Woes(Bloomberg) -- China Vanke Co.’s chairman and chief executive officer are both stepping down in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion ...
HONG KONG, April 30 (Reuters) - Shares of China Vanke fell on Wednesday after the state-backed property developer posted steeper losses in the first quarter and approved a plan to sell A-shares ...
February 12, 2025 China considers plan to help Vanke repay $6.8 billion debt, Bloomberg News reports Chinese authorities are considering a plan to assist China Vanke in covering a funding ...
The state-owned subway operator is Vanke’s largest shareholder. The developments underscore the sense of alarm at the ...
Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive ...
HONG KONG: The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen ...
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