China Vanke in talks with investor in fight to fend off takeover
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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.
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