The latest real estate firm in the market crosshairs is the Shenzhen-based developer Vanke.
Beijing cracked down on domestic insurers last week, suppressing the industry over what it called reckless investing practices and driving down the Shanghai Composite Index 3 percent.
Vanke’s drawn-out fight with its largest shareholder for control of the company could be nearing the end.
The hostile takeover attempt of China Vanke, one of the country’s largest real estate companies, is an almost unheard of corporate event in China.
The latest real estate firm in the market crosshairs is the Shenzhen-based developer Vanke.
Beijing cracked down on domestic insurers last week, suppressing the industry over what it called reckless investing practices and driving down the Shanghai Composite Index 3 percent.
Vanke’s drawn-out fight with its largest shareholder for control of the company could be nearing the end.
The hostile takeover attempt of China Vanke, one of the country’s largest real estate companies, is an almost unheard of corporate event in China.