You are here

Much uncertainty about Vanke's rescue plan

Hong Kong

CHINA Vanke has found a saviour. After months of uncertainty, the property developer has unveiled a plan to sell a stake to Shenzhen's metro operator in return for assets worth up to US$9.3 billion.

The deal would help Vanke see off a possible hostile bid. However,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to