Property News · November 15, 2016

Vanke delays restructuring plan as Evergrande keeps its hand hidden


China Vanke Co., the prize in a boardroom tussle that’s gripped the country, said it postponed a shareholders’ meeting to discuss a restructuring plan, as its third-largest shareholder kept its hands hidden as to whether it intends to be a friend or foe in the hostile takeover.
“Vanke will further delay the despatch of the circular of a restructuring plan raised this June,” China’s second-largest property developer said in a filing to the Hong Kong and Shenzhen…

Source : South China Morning Post
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