Vanke's chairman steps aside after building China's biggest developer
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Shanghai
WANG Shi, who built China Vanke Co into the country's biggest developer after founding it 33 years ago, stepped down as chairman after an ownership tussle that ended with a state entity becoming its biggest investor.
The exit of the 66-year-old comes after metro line builder Shenzhen Metro Group Co emerged as a white knight last year and did a deal this month to boost its shareholding.
