Vanke
Construction Management · China · 10K+ Employees
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Overview
Headquarters
No.33 Huanmei Dameisha Rd, Shenzhen, Gua...Phone Number
+86 75525606666Website
www.vanke.comRevenue
$33.4 BillionStock Symbol
2Industry
About Vanke
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Vanke is experiencing very low activity levels compared to other companies in the Construction sector.
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Vanke News & Media
CHINA VANKE Said to Shift Financing Approach, Sells Project Equity to Repay Debt
CHINA VANKE (02202.HK) recently told some bondholders that it has used proceeds from the sale of its equity interest in a real estate project to repay...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.
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Frequently Asked Questions Regarding Vanke
China Vanke Co., Ltd. (Vanke) is a leading Chinese real estate and urban services company founded in 1984. Its core activities include residential property development and property services, alongside rental housing, commercial property development and operations, logistics and warehousing, office and industrial parks, and hotels and resorts. Vanke... Read More
