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Vanke Sells Headquarters Project for $309 Million to Raise Cash

Vanke Sells Headquarters Project for $309 Million to Raise Cash
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Bloomberg china vanke coShenzhen metro

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.

Hong kongQibao vanke plazaChina merchants bankFitch ratingsBaishuo investmentShenzhen metroChina evergrandeChina merchantsCountry gardenLink reitBanyan tree

China Vanke sells Shenzhen land plot at loss-making reserve price

Cash-strapped China Vanke has sold a Shenzhen land plot via auction for 2.24 billion yuan , a filing on Monday showed, more than 27% below the price it paid for the same 19,000 square-metre block.

Jan harveyXie yuChina vankeShenzhen metroCommercial bank

China Vanke Sells Shenzhen Land Plot at Loss-Making Reserve Price

China Vanke Sells Shenzhen Land Plot at Loss-Making Reserve Price
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Xie yuJan harveyChina vankeChina aprilShenzhen metroCommercial bank

China Vanke sells plot for $309.18 million in Shenzhen, Real Estate News, ET RealEstate

Vanke is working to raise funds after saying last month it is facing short-term liquidity pressure, one of many companies to have been caught up in a broad-based cash crunch in China s crisis-hit real estate sector.

Representative imageCash strapped china vankeShenzhen metroCommercial bank

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