Shareholders lose out in Vanke takeover fight
China property group's shares dive after six-month suspension engineered by bosses trying to fight off hostile takeover, clearing billions off its market capitalisation
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Beijing
SHARES in China's biggest property company plunged this week as it returned to trading, after a six-month suspension engineered by bosses trying to fight off what would be the country's first hostile blue-chip takeover.
The drop has wiped billions off China Vanke's market capitalisation - hitting its shareholders, rather than the board seeking to preserve its control over the firm.
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