USEUROPEAFRICAASIA 中文双语Français
Home / Business

Vanke ends restructuring negotiations with SZMG

By Chai Hua in Shenzhen | China Daily | Updated: 2016-12-20 07:54

Move marks alleviation of tension in the long battle for control of the giant real estate firm

China Vanke Co's shares declined sharply on Monday after it announced that it will terminate an asset-restructuring plan with Shenzhen Metro Group, marking an alleviation of the tension in its year-and-a-half-long battle for control, experts said.

Vanke's A-shares on Monday dropped 6.06 percent to 21.10 yuan ($3.05), the lowest in about four months. Its H-shares also fell, by 3.21 percent.

Vanke ends restructuring negotiations with SZMG

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US