Vanke invests $442 million in HK property and talk is to expand more outside China
Together with the company’s share conversion plan, the developer’s land acquisition in Hong Kong is also part of its bigger plan to expand in international markets,” said Tian Shixin, a Shanghai-based property analyst at BOC International China Ltd. “They’ll need to build up their Hong Kong unit to some scale to make financing easier in the future.”
The site will also include a sports complex, according to the tender document. Vanke Property halted trading in Hong Kong today ahead of an announcement.