HONG KONG: A battle for control of China’s largest home builder heated up after the country’s No. 2 player raised its stake in China Vanke to nearly 7%, sending Vanke stock higher with investors and analysts betting more share raids are in store.
The move by highly indebted but ambitious China Evergrande Group comes amid a rare public Chinese boardroom spat.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!