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Vanke sees US$10b erased as takeover battle loses sway
Published Tue, Dec 20, 2016 · 09:50 PM
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Hong Kong
SHARES of China Vanke Co are tumbling as a crackdown on leveraged buyouts complicates a takeover battle for the nation's largest listed property developer.
The Shenzhen-based company has plunged 23 per cent in Hong Kong this month, the biggest loser among the 149 members of the MSCI China Index, to erase US$10 billion of market value.
Vanke rallied earlier amid a rare public battle for control of one of China's b…
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