Property News · July 18, 2017

Vanke shares soar to record after winning buyout for China’s biggest warehouse operator


China Vanke shares jumped to all time high as it becomes a major shareholder of Global Logistics Properties, the biggest operator of industrial real estate in China.
Vanke rose as much as 4 per cent in Hong Kong to hit HK$24.2 after its trading resumed on Tuesday morning, a historic high for the China’s second largest property developer. Its Shenzhen shares also climbed 5 per cent to 25.8 yuan.
A Chinese-backed consortium led by Vanke has won a management buyout on July 14 to take over…

Source : South China Morning Post
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