China Vanke, the mainland’s largest developer by sales, has signed an agreement with Shenzhen’s subway operator to buy a portfolio of sites from the state-owned firm in exchange for Vanke shares.
The deal, which is valued at up to RMB60… Read More>>
Vanke Plans Share Issue as Next Step in Battle for Control of Developer
China Vanke, which has been fighting off an unwanted takeover attempt by a privately held mainland conglomerate, announced today that it may potentially be issuing new shares in the developer as part of a plan for acquiring an unnamed company.