Property News · April 20, 2017

China Vanke pays 3b yuan for stake in secondary home agent Homelink


China Vanke, the country’s second-largest developer, will pay 3 billion yuan (US$435.6 million) for a minority stake in privately held Homelink Group, the nation’s largest secondary home agent, underscoring the vast potential value of China’s existing home market.
China Vanke said on Saturday night that it is “bullish” on Homelink’s future. No specific share ratio was disclosed.
The announcement came just three months after Sunac China Holdings – China…

Source : South China Morning Post
Read more…China Vanke pays 3b yuan for stake in secondary home agent Homelink