- The Wall Street Journal•12 hours ago
When China Vanke went looking for a strategic shareholder to stave off takeover bids, chairman Wang Shi chose a government-owned company as a protector. Now that decision is haunting him.
- Reuters•2 days ago
Developer China Vanke Co Ltd said on Thursday it and its partners have sealed a $1.9 billion deal with Blackstone Group LP and third parties, with itself putting in 3.89 billion yuan ($583.02 million) to buy their property firms. The deal was first made public last Tuesday, when Vanke disclosed it was in talks after its second-biggest shareholder, China Resources, criticized the Vanke board's approval of a white knight deal with Shenzhen Metro as being invalid because one Vanke director had abstained from voting. In a filing to the stock exchange, Vanke, China's largest property developer, said it and its partners would acquire a 96.55 percent interest in property firms held by Blackstone and third parties.
|52wk Range||16.74 - 21.99|
|Day's Range||17.13 - 17.59|
|Avg Vol (3m)||265,313,851|
As of 3:00 AM EDT. Market closed.