WangShi,chairmanofChinaVanke,oneofthebest-knownbusinessmeninChina,issteppingdownfromVanke'sboardafterayears-longpowerstruggle.Hiscompanyhasbeenthecenterofattent
China Vanke Co. Ltd., the country's leading property developer, reported decent net profits in the first half of this year while admitting that the heated takeover battle has hit its normal operation.
Speculation mounts that developer set to double its 5pc stake in the embattled housebuilder
Guangzhou-based developer becomes fourth largest shareholder in embattled homebuilder
The inept response of regulators to claims of irregularities in a hostile takeover bid for the firm underscores the desperate need for change
It never rains but it pours. The stock price of China Vanke Co., Ltd suffers consecutive plunge, while nine asset management plans under Baoneng Group are on the verge of being closed out. Vanke requests the regulators to check the suspected violations of laws conducted by nine asset management plans under Baoneng.
China Vanke, the largest homebuilder in the mainland, is planning to spend 3.9 billion yuan to acquire commercial property companies from Blackstone Group.
Shares of China Vanke, the country's largest home builder, plunged in Shenzhen as their trading resumed on Monday following more than six months of suspension. The stock price tumbled by the daily limit of 10 percent to 21.99 yuan (3.3 U.S. dollars) at the opening of the market.
A prolonged tussle over control of China's largest home builder has triggered a plunge in the company's stock price and calls for better market regulation.
More twists and turns in the battle between Wang Shi and China Resources for control over China’s largest homebuilder
The confrontation between China Vanke Co Ltd, the country's largest residential developer,and its largest shareholder Baoneng Group escalated on Monday after news reportssuggested that Vanke may have sought government support to resolve the crisis.
Good news for the millions of Chinese housewives hooked on online shopping: the more they spend online, the greater discount they will get on a home purchase under a new scheme.
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