Shareholders lose out in Vanke takeover fight
China property group's shares dive after six-month suspension engineered by bosses trying to fight off hostile takeover, clearing billions off its market capitalisation
Beijing
SHARES in China's biggest property company plunged this week as it returned to trading, after a six-month suspension engineered by bosses trying to fight off what would be the country's first hostile blue-chip takeover.
The drop has wiped billions off China Vanke's market capitalisation - hitting its shareholders, rather than the board seeking to preserve its control over the firm.
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