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Cash-strapped China Vanke seeks US$2.2 billion from private shares sale : comparemela.com
Cash-strapped China Vanke seeks US$2.2 billion from private shares sale
The indebted Chinese developer said it plans to raise up to 15 billion yuan by issuing 1.1 billion shares to specific investors in the Shenzhen stock market to replenish its liquidity and fund real estate projects that are already under way.
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