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Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to
China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over the company's liquidity deepen.
China Vanke’s Chairman and CEO to Resign From Roles
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange on Monday. He will remain as a director of the com
China Vanke's top executives resign from property developer
Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday.
China Vanke's CEO, chairman resign amid growing liquidity worries
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity deadlines this year.
9d
on MSN
Vanke woes to test limits of China's property sector revival efforts
By Clare Jim, Ziyi Tang, Kane Wu HONG KONG (Reuters) -After numerous measures to resolve a liquidity crisis in the property ...
3d
Rare China support shows Vanke may be too big to fail
China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too ...
3d
Vanke’s woes reignite fears for China’s property sector
Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive ...
2d
Rare China support shows developer Vanke may be too big to fail
China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to ...
4d
Vanke's No. 1 investor installs chairman in ailing developer to guide its way out of debt
Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while ...
1h
Trump's Ball Of Confusion Bedeviling Global Markets
Each new year, global investors face a wildcard that they must game out in real time. In 2025, punters confront three as the ...
AFP
23h
What is fact-checking?
In a context of widespread disinformation, fact-checking forms the first line of response through its focus on restoring the facts. Fact-checking involves verifying content that has already been ...
2d
Australia’s exports to China show signs of passing peak after exports fell 9 per cent in 2024
Statistics released by China’s General Administration of Customs and first published by The Australian reveal Australia’s ...
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