Investor skepticism looms over China Vanke’s state-led turnaround
China debt crunch
Shareholders approve new share issuance, loan arrangements for embattled developer
China Vanke’s shareholders meeting was held May 29 at its registered address in Shenzhen’s Yantian district, currently a school. (Photo by Wataru Suzuki)
SHENZHEN — Embattled property developer China Vanke obtained shareholder approval on Friday for a new share issuance and loan arrangements, but some investors expressed skepticism over the chances of a successful state-led turnaround.
