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China Vanke gets $383 mln loan from state shareholder

Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 million) loan, in a sign the government is stepping up efforts to stabilise the property developer.

Seeking Alpha on MSN · 3d

Property developer China Vanke secures $383 million loan from Shenzhen Metro

China Vanke (CHVKF) has secured a 2.8 billion yuan ($383.12 million) loan from its major shareholder, state-owned Shenzhen Metro to repay debt, indicating further support from the government for the cash-strapped developer.

MarketWatch · 3d

China Vanke Secures Cheap Loan From State-Owned Shareholder

China Vanke secured a $383.3 million loan from a major state-owned shareholder at very attractive interest rate as the property developer continues to address its liquidity issues. The Shenzhen-based company said in a filing late Monday that it received the loan from Shenzhen Metro Group,

scmp.com · 3d

China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt

Vanke will provide assets of up to 4 billion yuan as collateral to Shenzhen Metro Group via an 18 per cent stake transfer in its property management unit Onewo. The loan facility,

JSTOR Daily7y

High-speed rail as a solution to metropolitan passenger mobility: The case of Shenzhen-Dongguan-Huizhou metropolitan area

(2015). Trading off public values in high-speed rail development in China. Journal of Transport Geography, 43, 66–77. doi: 10.1016/j.jtrangeo.2015.01.010 Sina News. (2018-April). The announcement on ...

Reuters8d

Shenzhen government tightens control over Vanke with management changes, document shows

Vanke, one of the best-known property company names in China and currently around a third owned by state-owned Shenzhen Metro, announced last month that Chairman Yu Liang and CEO Zhu Jiusheng have ...

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Where To Stay In Shenzhen, China: 3 Top Areas For Travelers

Metro Station is a 2-minute walk away and it’s super close to both the Futian High-Speed Train Station and Link City. Mid-Range: Huaqiang Plaza Hotel Shenzhen Amenities: Fitness center ...

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