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Vanke Flags Record Loss as Top Executives Resign Amid Woes
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange on Monday. He will remain as a director of the com
China Vanke's CEO, chairman resign amid growing liquidity worries
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns over the company's liquidity as it faces several debt maturity deadlines this year.
CHINA VANKE Parent SZMC Chair Succeeds as Chair of CHINA VANKE; Yu Liang Re-designated as VP
CHINA VANKE (02202.HK) announced that due to the significant forecasted loss for 2024, the Group is experiencing temporary liquidity difficulties. To effectively mitigate risks and earnestly safeguard the interests of house buyers,
China Vanke Faces $6.2 Billion Loss Amid Management Shakeup and State Oversight
China Vanke, once a pillar of stability in the country's turbulent property market, announced a projected net loss of $6.2 billion for 2024, marking the largest annual loss in the developer's history.
China Vanke CEO's reported detention deepens property sector concerns
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
2d
on MSN
China Vanke's Hong Kong shares climb after reshuffle of top management
Property developer China Vanke's Hong Kong shares firmed on Tuesday following a change of top management that reinforced ...
3d
Another Chinese Builder Is Facing a Cash Crisis
China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion ...
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