Property News · November 10, 2016

China Vanke says no talks with Evergrande despite stake increase


China Vanke, the country’s largest homebuilder, said there hasn’t been talks between it and rival China Evergrande Group even as the latter has just increased its shareholding in Vanke to 8.285 per cent.
Analysts expect Evergrande will continue to increase its stake in Vanke, which has been at the centre of a high-profile control battle.
“We didn’t have any communications and we don’t know their purchase plan,” Zhu Xu, secretary to the board of Vanke, told…

Source : South China Morning Post
Read more…China Vanke says no talks with Evergrande despite stake increase