Property developer China Vanke Co on Friday clarified market speculation that major shareholders had not reduced their stakes in the company.
In response to a stock exchange inquiry into media reports that biggest shareholder Baoneng Group had sold down its stake, Vanke said that major shareholders, including Baoneng and China Resources, did not participate in the block trade involving 3.99 per cent of the company’s A-shares.
Vanke is at the centre of high-profile and complex corporate…
Source : South China Morning Post
Read more…China Vanke: Major investors had not cut their stakes in company
