Singapore markets open in 7 hours 49 minutes

China Vanke Co., Ltd. (CHVKY)

Other OTC - Other OTC Delayed price. Currency in USD
Add to watchlist
0.36290.0000 (0.00%)
As of 02:37PM EDT. Market open.
Full screen
Loading interactive chart…
  • Reuters

    China Vanke to auction Shenzhen land plot with loss-making reserve price

    Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to ease its liquidity stress. The auction of the 19,000 square-metre block, which the state-backed property developer bought in late 2017 for 3.1 billion yuan, will start on May 18, according to a notice in the Shenzhen Public Resources Trading Center on Wednesday. Vanke said last month it is facing short-term liquidity pressure and operational difficulties, adding that it had prepared "a basket of plans" to stabilise its business and cut debt.

  • Reuters

    China Vanke's first public commercial REIT close flat on debut

    SHANGHAI (Reuters) -China Vanke's first public commercial real estate investment products closed flat on their debut on Tuesday, reflecting caution towards China's second-largest developer amid a prolonged property market downturn. The CICC-SCPG Consumption Infrastructure real estate investment trust (REIT) listed in Shenzhen fell as much as 3% in early trade before reversing losses by market close. It is backed by shopping centres owned by SCPG Holdings, the commercial property platform of Vanke.

  • Reuters

    China Vanke seeks to offload stake in logistics operator GLP, Bloomberg reports

    Vanke has held discussions with parties including state-owned investment company Guangdong Holdings Ltd and a Tianjin-based state-owned firm to exit its investment, the report said, citing people familiar with the matter. Vanke, China's second largest property developer by sales which bought a 21.4% stake in GLP for about S$3.4 billion ($2.49 billion) in 2018, declined to comment on the report.