New Vanke board swears by new biz model
By Chai Hua in Shenzhen | China Daily | Updated: 2017-07-01 07:20
Vanke Co Ltd, China's real estate major, has constituted a new board of directors at its shareholder meeting on Friday.
On June 21, Vanke's largest shareholder, Shenzhen Metro Group Co Ltd, had proposed a list of nominees to the board. The list received almost 100 percent affirmative votes on Friday.
Baoneng Group, Vanke's second-largest shareholder, did not show up at the meeting. None of Baoneng executives was nominated to the new board either.
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