Property News · June 21, 2017

Vanke’s founder Wang Shi to step down as chairman


Wang Shi, who founded the world’s biggest builder of residential homes, said he’ll step down by the end of June as chairman of the company he founded three decades ago, handing the baton to China Vanke Co’s chief executive Yu Liang.
“I believe it’s the best timing. They are younger, but mature enough,” Wang said in a post on the account of his Wechat social network on Wednesday.
The Shenzhen-based developer is scheduled for its annual shareholders meeting on…

Source : South China Morning Post
Read more…Vanke’s founder Wang Shi to step down as chairman