SUBSCRIBERS
China Vanke in talks with investor in fight to fend off takeover
Published Tue, Dec 29, 2015 · 09:50 PM
Beijing
CHINA VANKE CO said it has found a potential investor and is in talks with others, as the managers of China's biggest listed homebuilder wage a struggle for control against its largest shareholder.
The company signed a letter of intent to buy unspecified assets from a potential investor by issuing new shares and using cash, according to a statement to Hong Kong's stock exchange Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Government investigating ‘misleading’ and ‘unrealistic’ S$2 million HDB resale flat listings
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle