Property News · December 23, 2016

What’s next for Baoneng and Evergrande after the tussle for Vanke?


The year-long battle for Vanke is likely to be over.
The developer’s share price fell 15.6 per cent in Hong Kong during the 12 months, declining 16.8 per cent in Shenzhen in the same period.
Chairman Wang Shi and his management team, who together control 8.41 per cent of Vanke together with the company’s union, are very likely to remain to run the developer, JPMorgan analysts Ryan Li and Karl Chan said this week.
“We believe this is what the government wants, given that Vanke…

Source : South China Morning Post
Read more…What’s next for Baoneng and Evergrande after the tussle for Vanke?

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