Property News · June 7, 2017

Shenzhen Metro set to become Vanke’s largest shareholder


China Vanke, the target of one of the country’s most contentious corporate raids in recent years, said its second-largest shareholder, Shenzhen Metro Group, is considering raising its stake in the property developer.
“Details regarding such an acquisition have not been confirmed and are subject to requisite approvals,” Vanke said in a stock exchange filing on Wednesday.
Trading of its yuan-denominated A shares was halted on the Shenzhen exchange, after they fell 1 per cent to…

Source : South China Morning Post
Read more…Shenzhen Metro set to become Vanke’s largest shareholder