Another Chinese Builder Is Facing a Cash Crisis
China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion ...
Even China’s Property Stalwart Isn’t Immune From the Crisis
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step ...
Vanke Flags Record Loss as Top Executives Resign Amid Woes
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange ...
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China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
By Clare Jim HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as ...
China Vanke shares set to jump after senior management reshuffle
Property developer China Vanke's Hong Kong-listed shares were set to open 8.7% higher on Tuesday following the announcement ...