Vanke
Construction Management · China · 10K+ Employees
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Overview
Headquarters
Vanke Center No. 33 Huanmei Rd, Dameisha...Phone Number
+86 75525606666Website
www.vanke.comRevenue
$64.3 BillionStock Symbol
2Industry
About Vanke
Vanke Org Chart
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Vanke is experiencing very low activity levels compared to other companies in the Construction sector.
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Most Recent Scoops
Vanke News & Media
China Vanke's near-default exposes fragility of the faltering recovery in the property industry
China Vanke, once the country's largest homebuilder, narrowly avoided defaulting on a $284 million debt last week as the painfully slow recovery in China's property market drags on.Vanke Averts Default as Bondholders Approve Longer Grace Period
Holders of Vanke’s 2 billion yuan ($284 million) note voted in favor of a proposal to extend the grace period to Jan. 28, according to a filing to Chinamoney.com on Monday. The company didn’t pay the security by its Dec. 15 maturity, which left it in a grace period that otherwise would have expired Monday. Vanke’s proposal to defer principal payment for 12 months failed to pass, with creditors representing only 20.2% ofVanke's three proposals for the extension of its RMB 2 billion bond did not pass. Can it win ...
Inearly December, rating agency Fitch placed Vanke on a negative rating watch list, stating that the company faces liquidity challenges and may lack sufficient liquidity to repay relevant bonds on their originally scheduled maturity dates.China Vanke Seeks a One-Year Extension on a Second Local Bond
Shenzhen-based Vanke, once the nation’s largest builder by sales, told some bondholders that it is seeking a 12-month delay on both principal and interest payments on its 3.7 billion yuan ($524 million) note due Dec. 28, according to people familiar with the matter. The 3% coupon rate will remain unchanged during the extension period, the people added. Vanke announced the proposal in a public filing last week, but didn’t include details, and is
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Frequently Asked Questions Regarding Vanke
Vanke Co., Ltd. was founded in 1984. After more than 30 years of development, it has become a leading urban and rural construction and life service provider in China.... Read More