www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Evergrande acquires stake in troubled Vanke

By HU YUANYUAN/JING SHUIYU (China Daily) Updated: 2016-08-05 08:22

Evergrande acquires stake in troubled Vanke

Vanke's A shares started to rise on Thursday afternoon and surged 10 percent to 19.67 yuan ($2.96), their daily limit, within three hours, the highest price since July 21. [Photo/VCG]

Chinese property developer Evergrande Group had bought a 4.68 percent stake in its rival China Vanke Co, further complicating the already intense battle for control of Vanke.

Vanke's A shares started to rise on Thursday afternoon and surged 10 percent to 19.67 yuan ($2.96), their daily limit, within three hours, the highest price since July 21.

The upward trend came after Guangzhou-based Evergrande bought more than 516 million Vanke A shares, worth over 910 million yuan, through a subsidiary, the company said in a regulatory filling on Thursday.

That makes Evergrande the fourth-largest shareholder in Vanke, after Baoneng Group, China Resources (Holdings) Co and Anbang Insurance Group.

The firm invested in Vanke because of its "strong" performance as the biggest property developer in China, the filling said.

The battle for control of Vanke will escalate when Evergrande got involved, analysts said.

A battle for control of Vanke has been raging since last year when Baoneng displaced China Resources as the property company's largest stakeholder.

"Evergrande's purchase of Vanke shares is unlikely to be a pure financial investment, given that there are so many uncertainties in Vanke at the moment," said Grant Ji, executive director of capital markets for northern China at CBRE Group, a US commercial real estate company.

Hui Ka Yan, chairman of Evergrande, intended to sit on the board of the company through allying with another shareholder or taking up a minimum of a 10 percent stake, people close to the company said.

Vanke will continue to prosper in the second half of the year, though sales in July declined, according to industry analysts.

Vanke's sales reached 27.44 billion yuan ($4.18 billion) in July, down 35.3 percent from the previous month, the company's statement showed on Wednesday.

The sales decline is mainly due to the flat season, but the battle for control may be another factor, said Huang Weibin, an investment manager at COFCO Futures Co Ltd.

"Vanke's sales will continue to grow in the second half of the year. Though the battle for control has yet to be resolved, I remain optimistic about the company given that it has a solid cash flow and there are many other investors, even its rival, that have confidence in it," Huang said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久精品免视看国产明星 | 欧美在线一级毛片视频 | 久久久久久国产精品免费免 | 欧美另类69xxxxx 视频 | 日韩欧美~中文字幕 | 久久久久亚洲精品中文字幕 | 免费看一级欧美毛片 | 91亚洲精品| 亚洲天堂免费视频 | 欧美高清正版在线 | 国产第一草草影院 | 国产99久久九九精品免费 | 男人添女人下面免费毛片 | 日本乱理伦片在线观看网址 | 亚洲网在线观看 | 国产成人综合久久亚洲精品 | 国语精品视频在线观看不卡 | 扒开双腿猛进入喷水免费视频 | 日本在线观看一级高清片 | 高清不卡一区二区三区 | 性欧美videos俄罗斯 | 欧美大狠狠大臿蕉香蕉大视频 | 亚洲精品资源网在线观看 | 一级特一级特色生活片 | 亚洲国产欧美在线成人aaaa | 天堂8在线天堂资源bt | 成人免费网站久久久 | 狠狠综合久久久久综合 | 欧美成人手机视频免费播放 | 亚洲精品日韩在线一区 | 亚洲天堂在线观看视频 | 性做久久久久久久免费看 | 亚洲天堂色网站 | 中文字幕有码在线播放 | 午夜男人女人爽爽爽视频 | 精品国产欧美精品v | 欧美日韩视频精品一区二区 | 国产精品高清在线观看地址 | 免费人成黄页网站在线观看国产 | 美女视频永久黄网站免费观看韩国 | 亚洲成人毛片 |