Property News · March 13, 2016

China Vanke seeks ally in Shenzhen Metro after Baoneng’s hostile takeover bid

China Vanke, the mainland’s largest home builder, has signed a preliminary agreement with subway operator Shenzhen Metro for the latter to become one of its major shareholders by injecting up to 60 billion yuan of property projects atop its subway lines, in the latest twi

Source : South China Morning Post
Read more…China Vanke seeks ally in Shenzhen Metro after Baoneng’s hostile takeover bid