{"id":57678,"date":"2017-06-13T07:00:35","date_gmt":"2017-06-13T00:00:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit\/"},"modified":"2017-06-13T07:11:04","modified_gmt":"2017-06-13T00:11:04","slug":"vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-stake-sale-smooths-way-for-evergrandes-much-prized-shenzhen-ipo-despite-us1b-hit\/","title":{"rendered":"Vanke stake sale smooths way for Evergrande\u2019s much-prized Shenzhen IPO, despite US$1b hit"},"content":{"rendered":"


\nDespite taking a hefty loss of 7 billion yuan (US$1 billion), China Evergrande Group is still considered very \u201clucky\u201d to have extracted itself from the China Vanke takeover saga, according to analysts.
\nEvergrande, China\u2019s largest property developer, revealed its holding in housebuilder Vanke was sold to Shenzhen Metro Group for 29.2 billion yuan on Friday.
\nThe sale of its 14.07 per cent stake to Shenzhen Metro, which Vanke said on Monday night had been approved by the Shenzhen…
\n
\nSource : South China Morning Post
\nRead more…Vanke stake sale smooths way for Evergrande\u2019s much-prized Shenzhen IPO, despite USb hit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite taking a hefty loss of 7 billion yuan (US$1 billion), China Evergrande Group is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-57678","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-f0i","jetpack-related-posts":[{"id":57562,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhen-metro-to-raise-stake-in-china-vanke-to-nearly-30-with-4bn-share-purchase-from-evergrande\/","url_meta":{"origin":57678,"position":0},"title":"Shenzhen Metro to raise stake in China Vanke to nearly 30% with $4bn share purchase from Evergrande","date":"June 12, 2017","format":false,"excerpt":"\r \r \r Source : ft.com\r Read more...Shenzhen Metro to raise stake in China Vanke to nearly 30% with bn share purchase from Evergrande","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-lifts-stake-in-vanke-to-7-per-cent\/","url_meta":{"origin":57678,"position":1},"title":"China Evergrande lifts stake in Vanke to 7 per cent","date":"November 1, 2016","format":false,"excerpt":"\r Property giant China Evergrande Group has further raised its stake in rival China Vanke to 7 per cent from 6.82 per cent, according to a stock exchange statement. Vanke\u2019s Hong Kong shares hit a two-month high of HK$20.9 by 10:53 am. Its shares in Shenzhen also rose 0.8 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-inches-closer-to-vanke-prize-with-10pc-stake-in-chinas-largest-developer\/","url_meta":{"origin":57678,"position":2},"title":"Evergrande inches closer to Vanke prize with 10pc stake in China\u2019s largest developer","date":"November 23, 2016","format":false,"excerpt":"\r China Evergrande Group is inching closer to its goal of seeking a seat among the directors of China Vanke Co, with a disclosure that it has accumulated 10 per cent of the larger developer\u2019s outstanding shares. Associated companies and units belonging to Evergrande have bought 552 million Vanke shares\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-responds-to-shenzhen-bourses-questions-on-45-6b-yuan-shenzhen-metro-deal\/","url_meta":{"origin":57678,"position":3},"title":"Vanke responds to Shenzhen bourse\u2019s questions on 45.6b yuan Shenzhen Metro deal","date":"July 1, 2016","format":false,"excerpt":"\r Mainland property giant China Vanke published a 30-page statement on Friday night, in which it responded to a list of questions flagged up by Shenzhen Stock Exchange, over apparent corporate governance issues the bourse has with the company\u2019s proposed deal to acquire a un\r \r Source : South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-seeks-ally-in-shenzhen-metro-after-baonengs-hostile-takeover-bid\/","url_meta":{"origin":57678,"position":4},"title":"China Vanke seeks ally in Shenzhen Metro after Baoneng\u2019s hostile takeover bid","date":"March 13, 2016","format":false,"excerpt":"\r China Vanke, the mainland\u2019s largest home builder, has signed a preliminary agreement with subway operator Shenzhen Metro for the latter to become one of its major shareholders by injecting up to 60 billion yuan of property projects atop its subway lines, in the latest twi\r \r Source : South\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-jumps-another-10pc-as-evergrande-hovers\/","url_meta":{"origin":57678,"position":5},"title":"Vanke jumps another 10pc, as Evergrande hovers","date":"August 15, 2016","format":false,"excerpt":"\r China Vanke\u2019s Shenzhen-traded shares surged to their upper limit for the second straight trading day on Monday, as speculation mounted rival China Evergrande Group was poised to double its 5 per cent stake in the embattled housebuilder, which is at the centre of a takeove\r \r Source : South\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57678"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=57678"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57678\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}