China regulator scrutinising Baoneng's acquisition of Vanke stake

Beijing

CHINA'S securities regulator said on Friday that it was studying Baoneng Group's acquisition of a major stake in developer China Vanke Co with other financial watchdogs to see if any rules were violated.

It is the first time the stock regulator has said that it is looking into the deal, which has triggered a high-profile battle between Vanke chairman Wang Shi and Baoneng.