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China Vanke expects to report a loss in the first half as the continuing crisis in the country’s real-estate sector continues to weigh on developers.
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.
The result, worse than the firm’s January forecast, marks its first full-year loss since Vanke’s 1991 initial public offering. The full-year result reported in its annual report suggests a 32 ...
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 the company's ...
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 ...
China Vanke Co.’s Vanke Service agreed to buy what would amount to a 4.9% stake in Cushman & Wakefield ahead of the firm’s planned initial public offering.
China’s property woes emerged in 2021, when Evergrande defaulted on its debt. This week’s news from Country Garden and Vanke suggest the crisis might not have bottomed out yet.
Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday.
China Vanke Co. posted its biggest sales decline in six years, adding to the woes of the Chinese property developer that’s trying to stave off its first-ever debt default.
Independent candidate Jeff Vanke is defending his campaign’s release of a two-question push poll that was touted in e-mail as showing him within four points of incumbent Sixth District ...