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AFP on MSN · 3d

Chinese property giant Vanke warns of huge loss, CEO resigns

Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to

Reuters on MSN · 3d

China Vanke's CEO, chairman resign amid growing liquidity worries

Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity deadlines this year.

Hosted on MSN · 3d

China Vanke's top executives resign from property developer

Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday.

Bloomberg on MSN · 3d

Vanke Flags Record Loss as Top Executives Resign Amid Woes

China Vanke Co.’s chairman and chief executive officer are both stepping down in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion) loss for 2024.

3d

Another Chinese Builder Is Facing a Cash Crisis

China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion ...

3don MSN

China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns

Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record ...

3don MSN

Even China’s Property Stalwart Isn’t Immune From the Crisis

Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step ...

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