Vanke Pledges Entire Stake in Management Unit to State Backer

Vanke Pledges Entire Stake in Management Unit to State Backer



Vanke Pledges Entire Stake in Management Unit to State Backer
China Vanke Co. has pledged all of the shares it holds in a listed property management unit to Shenzhen Metro Group Co., giving the state shareholder one of its best assets as default fears pile up.


www.bloomberg.com
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