June 25, 2014 / 3:07 AM / 3 years ago

Developer China Vanke says in talks to attract strategic investors

1 Min Read

June 25 (Reuters) - China Vanke Co Ltd , the country's largest residential property developer, said on Wednesday it was in talks with global investors, including funds and real estate peers, to sell a strategic stake.

The stake sale could be through the issue of new shares, or via the purchase of shares from the secondary market.

Chariman Wang Shi, speaking at a ceremony to mark the conversion of the company's B-shares in Shenzhen into H-shares , added that it is necessary for the mainland property market to correct now.

Reporting By Clare Jim; Writing by Anne Marie Roantree; Editing by Michael Perry

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below