China Vanke

China Vanke’s record loss leaves developer at mercy of state backer

The company has been wrestling with a liquidity crunch for more than two year

Vanke is now at the epicentre of attention and had to recently get an extension on the repayment of some bonds to avoid default.

China Vanke warns losses widened to record last year

The results illustrate how the country’s years-long property crisis is not over

Vanke has been at the centre of the country’s protracted property sector crisis, during which many of its rivals, big and small, have defaulted on their debt repayments.

Vanke gets approval for more bond repayment deferrals as China is seen stepping in to avert immediate default

Beijing has rolled out a number of measures aimed at supporting the property market

China Vanke is about US$50 billion in debt.

China Vanke wins creditor support for bond repayment plan; imminent default risk recedes

[HONG KONG] China Vanke said on Wednesday it had gained creditor approval to defer some repayments soon owed on a 1.1 billion yuan (S$205 million) puttable bond, likely helping the state-backed proper...

Vanke, the last major Chinese developer to stave off debt failure so far, is under mounting strain from nearly US$50 billion in interest-bearing liabilities.

China Vanke bonds extend rally on sweetened extension proposals

The company is also preparing a broader restructuring plan, which still needs Beijing’s approval

Vanke, the last major Chinese developer to stave off debt failure so far, is under mounting strain from nearly US$50 billion in interest-bearing liabilities.

China Vanke asks to extend bond grace period again, adds collateral

The company is also preparing a broader restructuring plan

Vanke, the last major Chinese developer to stave off debt failure so far, is under mounting strain from nearly US$50 billion in interest-bearing liabilities.

China Vanke faces next test as debt default pressure builds

Some market watchers have warned that a full-scale debt restructuring is inevitable as extensions don’t address the underlying issues

China Vanke’s executive director and former chairman, Yu Liang, resigned after reaching retirement age.

Vanke’s former chairman Yu Liang resigns from struggling developer

The change comes as Vanke races to win support from investors to delay some of its bond repayments

The deferred interest payments win breathing room for Vanke as it negotiates repayments on a slew of debt instruments.

China Vanke wins nod from lenders to defer interest payments: sources

The new payment arrangement comes after the developer missed a quarterly loan interest payment due last month

Overseas Chinese Town Enterprises told bondholders that Vanke's crisis has already impacted the property market this year.

China Vanke fallout seen as smaller builder seeks state support

Overseas Chinese Town has told investors that the state asset supervisor will ensure that bond repayments are made