Property News · January 13, 2017

Vanke’s management prevails after year-long takeover tussle, as second and third largest shareholders offload shares


China Vanke’s senior management and state-backed Shenzhen Metro Group are set to become the eventual winners of the year-long tussle for control of China’s second largest property developer, according to analysts.
The ending of the country’s highest-ever profile corporate battle has become much clearer after China Evergrande Group, Vanke’s third largest shareholder said in a statement on Friday it “has no intention to acquire further Vanke’s shares” and…

Source : South China Morning Post
Read more…Vanke’s management prevails after year-long takeover tussle, as second and third largest shareholders offload shares

You may also like...