China Vanke confirmed on Wednesday it is buying certain assets of Guangdong International Trust Investment Corporation and has requested its shares in Hong Kong be suspended from trading, pending further details of the deal.
The country’s second largest homebuilder said on Friday it had won a public auction to buy the equity interests and creditors’ rights of the bankrupt state-owned trust company’s real estate subsidiaries for 55.1 billion yuan (US$8.1 billion).
The trusts…
Source : South China Morning Post
Read more…Vanke trading suspended for Guangdong Trust Acquisition















