Vanke, China

China considers plan to help Vanke repay $6.8 billion debt, Bloomberg News reports
Chinese authorities are considering a plan to assist China Vanke in covering a funding shortfall of about 50 billion yuan ($6.84 billion) this year, enabling the property developer to repay its public and private debt,
China Mulls $6.8 Billion Funding to Help Vanke Repay Debt
Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government’s support for the distressed developer.
China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt
Shenzhen Metro Group, which holds a 27.2 per cent stake, signed a three-year agreement with Vanke to provide secured loans of up to 2.8 billion yuan (US$383 million), according to a filing to the Hong Kong stock exchange late on Monday.
China mulls $6.8 billion funding plan to help Vanke repay debt, Bloomberg News reports
Chinese authorities are working on a proposal to help China Vanke plug a funding gap of about 50 billion yuan ($6.84 billion) this year, Bloomberg reported on Wednesday, citing people familiar with the matter.
Vanke Gets $383 Million Loan From State Owner for Debt Repayment
China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ($383 million) to help the struggling developer repay outstanding debt.
China Proposes $6.8 Billion Aid to Bolster Vanke’s Debt Repayment
Chinese authorities are formulating a plan to assist property developer China Vanke Co. in addressing a funding shortfall of approximately 50 billion yuan this year. The proposal includes allocating 20 billion yuan in special local government bonds to purchase unsold properties and vacant land from Vanke,
China Vanke gets $383 million loan from state shareholder
Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 ...
Property developer China Vanke secures $383 million loan from Shenzhen Metro
China Vanke (CHVKF) has secured a 2.8 billion yuan ($383.12 million) loan from its major shareholder, state-owned Shenzhen ...
China Vanke Bonds Jump After Plan to Redeem Early $138 Million Onshore Notes
Vanke's announcement boosted investor confidence on its ability to repay its near-term financial debt, including a 3 billion yuan onshore bond due on Monday. Unlike the redemption of the 2027 notes, ...
Reuters on MSN23d
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 Logistics to Singaporean sovereign wealth fund GIC, a person with knowledge ...
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中国日报网2d
AI surge fuels optimism on A-share market
While the surge of Chinese domestic artificial intelligence companies has led to upbeat sentiment in the A-share market ...
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China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
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 concerns over ...