Vanke, China
China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt
Shenzhen Metro Group, which holds a 27.2 per cent stake, signed a three-year agreement with Vanke to provide secured loans of up to 2.8 billion yuan (US$383 million), according to a filing to the Hong Kong stock exchange late on Monday.
China Mulls $6.8 Billion Funding Plan to Help Vanke Repay Debt
Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting the government support for the distressed developer.
Chinese developers struggled to extend a rally in credit and share markets Thursday, underscoring investor desire for more ...
Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 ...
Vanke’s dollar and onshore bonds rose Tuesday. Its 3.975% dollar note due 2027 jumped 4.9 cents to 70.5 cents in Hong Kong trading, while onshore, its 3.64% bond due 2027 jumped 14.2% to 81 yuan ...
Vanke's announcement boosted investor confidence on its ability to repay its near-term financial debt, including a 3 billion yuan onshore bond due on Monday. Unlike the redemption of the 2027 notes, ...
Ratings agency Moody's downgraded China Vanke further on Tuesday and maintained its negative outlook on the embattled ...
Shares of China Vanke jumped after key management changes fueled hopes that the government is stepping in to rescue the troubled property developer.
HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over ...
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