Ratings agency Moody's downgraded China Vanke further on Tuesday and maintained its negative outlook on the embattled ...
HONG KONG (Reuters) - Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 ...
China Vanke (CHVKF) has secured a 2.8 billion yuan ($383.12 million) loan from its major shareholder, state-owned Shenzhen ...
Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 ...
The Shenzhen-based company said in a filing late Monday that it received the loan from Shenzhen Metro Group, which is a state-owned subway operator in one of the biggest cities in China. The loan was ...
Shenzhen Metro Group, which holds a 27.2 per cent stake, signed a three-year agreement with Vanke to provide secured loans of ...
China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ...
Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years with ...
China Vanke experienced a more than-20% revenue CAGR from 2014-19 as the market boomed. Property development remains the largest contributor to revenue with an over-80% mix, but the housing demand ...
China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to ...
Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers’ confidence, CGS’ Raymond Cheng says.