HONG KONG: China Vanke said on Friday it aimed to boost its cashflow by slashing debt and lifting income from businesses other than property development as it sees continued margin pressure in 2024 and 2025 during a market correction.
Investors have been dumping shares and bonds of China's second-largest property developer by sales in the past few weeks on cashflow concerns, triggering a rare central government directive to help the Shenzhen-based company beat a liquidity crisis.
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