China property giant Vanke expects to lose Rmb45bn in 2024
The CEO and chairman have stepped down as the company looks to solve "temporary liquidity difficulties", in part through the support of its largest shareholder, the state-owned Shenzhen Metro Group.
Tfoso
January 28, 2025
Property developer China Vanke expects to lose around Rmb45 billion ($6.2 billion) in 2024, according to a filing to the Hong Kong Stock Exchange (HKEX) on January 27.
href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0127/2025012700298.pdf">¬ Haymarket Media Limited. All rights reserved.
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