Shares and bonds of China Vanke Co. extended declines in afternoon trading as the developer said a regional manager in the city of Jinan was assisting an investigation.
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China Vanke Profit Tumbles 46%, Vows to Cut Debt By $14 BillionChina Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash debt by almost $14 billion, as the embattled developer tries to stave off default amid a protracted housing crisis.
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China Vanke’s Dollar Bonds Signal Fears of Default Down the RoadCash-strapped Chinese developer China Vanke Co. has been fighting to avoid its first-ever default, and while investors’ fears of an imminent meltdown appear to be easing, its long-term prospects are less clear.
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Country Garden, Vanke to Expose Extent of China’s Property CrisisEarnings from Country Garden Holdings Co. and China Vanke Co. next week should indicate the extent to which China’s property woes are hurting the world’s second-largest economy.
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China Vanke shares hit record low after disappointing earnings, payout cutExplore stories from Atlantic Canada.
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Shares of China Vanke slump after disappointing earnings, payout cutExplore stories from Atlantic Canada.
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Shares of China Vanke slump after disappointing earnings, payout cutExplore stories from Atlantic Canada.
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