You are here

Vanke's chairman steps aside after building China's biggest developer

Thursday, June 22, 2017 - 05:50

BT_20170622_NSVANKE22_2946703.jpg
Mr Wang's exit comes after Shenzhen Metro Group emerged as a white knight last year and did a deal to boost its shareholding.

Shanghai

WANG Shi, who built China Vanke Co into the country's biggest developer after founding it 33 years ago, stepped down as chairman after an ownership tussle that ended with a state entity becoming its biggest investor.

The exit of the 66-year-old comes after metro line

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom