China Vanke expanding overseas, in talks with strategic investors

[HONG KONG] China Vanke Co Ltd , the country's largest residential property developer, said yesterday that it is in talks with global investors, including funds and real estate peers, to sell a strategic stake as the company seeks to expand overseas and tap offshore capital markets.

The stake sale could be accomplished by issuing new shares or via the purchase of shares from the secondary market, Vanke chairman Wang Shi told reporters at the company's Hong Kong-listing ce…