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China Evergrande boosts stake in rival property developer Vanke

Published Thu, Nov 10, 2016 · 09:50 PM

Hong Kong

CHINA Evergrande Group, the country's largest property developer, increased its stake in rival China Vanke Co, renewing concerns about a potential battle for control.

The Guangzhou-based developer bought 161.9 million Shenzhen-listed Vanke shares between Aug 16 and Nov 9, Evergrande said in a filing to Hong Kong's stock exchange after the close of trading on Wednesday, boosting its stake to 8.3 per cent. Evergrande has spent about 18.8 billion yuan (S$3.9 billion) buying shares in Vanke, it said.

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Property

Property

China Evergrande boosts stake in rival property developer Vanke

Property

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

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