Latest news with #China Vanke Co
Bloomberg
16-07-2025
- Business
- Bloomberg
China Vanke Seeks to Extend Some Bank Loans by Up to 10 Years
China Vanke Co. is seeking to extend some of its domestic bank loans by as much as 10 years, according to people familiar with the matter, a move that could help the state-backed developer reduce liquidity risks. The Shenzhen-based builder, one of China's largest by contracted sales, has made a preliminary proposal to several major Chinese banks in recent weeks for the extension, according to the people, who asked not to be identified as the matter is private.
Bloomberg
14-07-2025
- Business
- Bloomberg
China Vanke Says First Half Net Loss May Rise to $1.67 Billion
China Vanke Co. said its loss for the first half of 2025 could reach $1.67 billion, underscoring the lingering problems in the nation's property market. Vanke reported preliminary a net loss for the period of 10 billion yuan to 12 billion yuan, according to a filing with the Hong Kong stock exchange Monday evening.
