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China Vanke Co., Ltd. (CHVKY)
| Previous close | 0.2500 |
| Open | 0.2500 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 0.2500 - 0.2500 |
| 52-week range | 0.2394 - 0.9573 |
| Volume | |
| Avg. volume | 503 |
| Market cap | 10.399B |
| Beta (5Y monthly) | 0.76 |
| PE ratio (TTM) | 3.57 |
| EPS (TTM) | 0.0700 |
| Earnings date | N/A |
| Forward dividend & yield | 0.05 (18.81%) |
| Ex-dividend date | 21 Jul 2023 |
| 1y target est | N/A |
ReutersChina 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.
- Reuters SG
UPDATE 1-China Vanke seeks to offload stake in logistics operator GLP, Bloomberg reports
China Vanke is seeking to sell its entire stake in logistics firm GLP, Bloomberg News reported on Wednesday, as the cash-strapped state-backed property developer looks to raise liquidity. 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.
ReutersChina Vanke says it has plans in place amid short-term liquidity pressure
HONG KONG (Reuters) -State-backed property developer China Vanke said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared "a basket of plans" to stabilise its business and cut debt. Vanke's Hong Kong-listed shares closed down 0.8% on Monday after hitting a record intraday low, while its Shenzhen-listed shares edged up 0.6%, stabilising after nine consecutive sessions of decline. Investors have been selling off Vanke's shares and bonds in the past few weeks on liquidity concerns, triggering a rare central government directive to help the Shenzhen-based company.
