1. What is China Vanke?
A 33-year-old Chinese property giant, headquartered in Shenzhen. Its controversial founder and chairman Wang Shi, is one of the most famous businessmen in China.
2. Why does its drawn-out takeover battle, riddled with twists and turns, matter?
No one ever expected the little-known insurance company Baoneng Group, run by now China’s fourth richest man Yao Zhenhua, to suddenly became Vanke’s largest shareholder last year, nor to challenge the management team…
Source : South China Morning Post
Read more…The five things you need to know about the battle of Vanke
