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Nexus Capital buys more China Vanke shares

HK-based fund said to be close to China Evergrande, which has built up a near 7% interest in Vanke

Vanke is battling financial conglomerate Baoneng which owns 25 per cent of the company, and has tried to oust its board.

Hong Kong

A HONG Kong-based fund has further increased its stake in China Vanke Co Ltd , the country's biggest property developer that's embroiled in a high-profile power struggle, sending shares in Vanke higher.

The total amount of Vanke shares owned by Nexus Capital Management...