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China Vanke 000002-0.30%decrease; red down pointing triangle expects to report a loss in the first half as the continuing crisis in the country’s real-estate sector continues to weigh on ...
Vanke’s shares have fallen 25% this year to their lowest level since last October. Its chairman, Yu Liang, said all players in Chinese real estate were under “unprecedented pressure.” ...
China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ($383 million) to help the struggling developer repay outstanding debt.
China Vanke Co. posted a record 49.5 billion yuan ($6.8 billion) loss last year, underscoring why the developer’s hometown of Shenzhen has stepped in to take control of operations.
Struggling property developer China Vanke said on Tuesday it has funding in place to repay $630 million in dollar notes due on March 11, amid more selling pressure on its bonds as concern mounts ...
China Vanke’s earnings could remain strained for some time amid the downturn of the Chinese real-estate market, which the developer said led to a sharp drop in net profit last year.
China Vanke Co. will exit non-core operations and divest assets as the developer seeks to boost liquidity amid the sector’s unprecedented downturn, according to a memo from a shareholder meeting ...
Previously Vanke held 49% in the project while the state-owned company held 51%. Yu was Vanke's president from 2001 to 2018, before becoming chairman from 2017. Zhu joined Vanke in 2012 and became ...
China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media ...
Vanke said most of those polled knew little about him before receiving the phone call, “and yet nearly half were willing to support me against Goodlatte based on just a couple of facts that I ...