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China Vanke flags record loss
China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
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 the company's liquidity deepen.
China Vanke flags record loss as chairman, CEO resign amid woes
China Vanke Co’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($8.34 billion) loss for 2024.
Chinese Property Giant Vanke Warns Of Huge Loss, CEO Resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons".
China Vanke's chairman and CEO resign amid liquidity concerns
Xin Jie, the chairman of its major state-owned shareholder Shenzhen Metro, will become Vanke's chairman, signalling increased state oversight on expectations that the government would step in to contain non-repayment risks.
4h
on MSN
DBS raises stake in China's Shenzhen Rural Commercial Bank to over 19%
Singapore's DBS Group said on Monday it acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB) for 1.60 ...
6h
China hands death sentence to man who killed Japanese boy
A Chinese man has been sentenced to death for fatally stabbing a 10-year-old Japanese schoolboy, in a case that sparked ...
3d
China court hands down death sentence for attacker of Japanese boy in Shenzhen
The Japanese Foreign Ministry says a court in China on Friday handed down the death penalty to a man tried for killing a ...
4d
Billie Jean King Cup Finals moves to Shenzhen, China after ITF president speaks with Peng Shuai
In response, China pulled the WTA Tour Finals contract. The organization signed a three-year deal to host the event in Riyadh ...
7d
China Steps Up Vanke Intervention as Developer Woes Deepen
Chinese officials are taking steps to stabilize operations at China Vanke Co. after deepening liquidity stress and questions ...
The Edge Singapore
6h
DBS increases stake in Shenzhen Rural Commercial Bank to 19.4% for RMB1.6 bil
DBS Group Holdings, on Jan 27, announced that it has increased its stake in Shenzhen Rural Commercial Bank to 19.4% from ...
4d
on MSN
China's Vanke in Talks to Sell Logistics Firm Stake to GIC, Source Says
SINGAPORE (Reuters) - Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX ...
5h
China's 10 Busiest Routes Around The Lunar New Year
China's Lunar New Year travel period, known as Chunyun in Chinese, is the world's largest annual migration of people that ...
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