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Evergrande boosts Vanke stake, plans lockup for other holdings

Published Tue, Nov 15, 2016 · 09:50 PM
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Hong Kong

CHINA Evergrande Group, the country's largest property developer, boosted its holdings in rival China Vanke Co after drawing regulatory scrutiny over a string of purchases in listed companies.

The Guangzhou-based home builder bought 73.7 million of Vanke's mainland-traded A shares on Nov 10, bringing its total stake to 10.16 per cent of the stock, according to a filing to Hong Kong's stock exchange on Monday. Evergrande r…

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