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 on Monday. He will remain as a director of the com
Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt
New chairman’s state-linked background sends positive signals, but company’s fate still depends on a sales recovery, an analyst says.
Rare China support shows Vanke may be too big to fail
China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted amid China’s punishing housing slump.
China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
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 concerns over the company's liquidity deepen.
China Vanke’s management reshuffle signals bailout for troubled developer, analysts say
Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers’ confidence, CGS’ Raymond Cheng says.
Chinese property giant Vanke forecasts $6.2B loss, top leaders resign
Vanke, one of the top property developers in China, is preparing for a record net loss of $6.2 billion in 2024. The company's financial woes are further exacerbated by a $4.9 billion debt due this year.
China Vanke Shares Jump as Management Reshuffle Raises Government Bailout Hopes
Shares of China Vanke jumped after key management changes fueled hopes that the government is stepping in to rescue the troubled property developer.
China Vanke's top executives resign from property developer
Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday.
China Vanke's shares jump on fresh state support, management reshuffle
A management reshuffle at China Vanke that reinforced government support sent the developer's shares higher on Tuesday, as ...
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 ...
China Steps Up Vanke Intervention as Developer Woes Deepen
Chinese officials are taking steps to stabilize operations at China Vanke Co. after deepening liquidity stress and questions ...
China's Vanke in Talks to Sell Logistics Firm Stake to GIC, Source Says
SINGAPORE (Reuters) - Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX ...
FirstFT: Breakthrough by China’s DeepSeek sparks market rout
Also in today’s newsletter, Vanke’s crisis reignite fears for China’s property sector, and Tesla sues EU over tariffs on EVs from China ...