China Vanke moves to fend off hostile takeover

China's largest property developer is expected to issue new shares to thwart consortium led by Baoneng.

China Vanke moves to fend off hostile takeover

China Vanke, China’s largest residential property developer, is facing a possible hostile takeover attempt from its largest shareholder and its reaction will provide a litmus test of the maturity of the country’s fledgling capital markets.

In a statement to the Shenzhen Stock Exchange on Monday, the company said it will disclose details of a restructuring plan that could involve new share issuance and asset purchases, as it moves to thwart a consortium led by...

To continue reading, please login or register for free

Click for more on: vanke | property

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...