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Major shareholder opposes Vanke's 45.6b yuan share-sale plan
Published Mon, Jun 20, 2016 · 09:50 PM
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Beijing
CHINA Vanke Co chairman Wang Shi's bid to fend off a takeover has been thrown into doubt after the property developer's second-largest shareholder, China Resources (Holdings) Co, said the proposal failed to get enough votes from the board.
China Resources questioned the legality of the board's resolution in …
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