China Vanke shares drop amid shareholding spat

Shares of China Vanke Co Ltd, the country’s biggest residential developer, tumbled in Hong Kong on Monday. The fall underscored investors’ concerns about the clash between the company and its second-largest shareholder, China Resources Co Ltd, over a controversial $6.9 billion deal it is funding through the issue of new shares.

Leave a Reply

Read the original at China Daily > Bizchina News.