Vanke: two Bs are not to be

As Blackrock reportedly exits stage left, all eyes turn to Baoneng, which is likely to be the next to sell out of the Chinese property developer.

Vanke: two Bs are not to be

China Vanke’s shareholder register has been marked by many exits and entrances over the past few years and on Monday, the group welcomed a new set of players after a major institutional investor believed to be Blackrock took advantage of a share price bounce to offload its entire investment.

The HK$2.1 billion $268 million block trade was undoubtedly timed to get ahead of a large and possibly protracted series of divestments by the...

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