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China Vanke sells land once earmarked for new HQ at a huge loss as embattled developer fights to reduce debt mountain

China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid in 2017, as the beleaguered property developer strives to pay down its mountain of debt.

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Debt-laden China Vanke sells plot of land once earmarked for HQ at huge loss

Debt-laden China Vanke sells plot of land once earmarked for HQ at huge loss
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