China Vanke's Yu Says Company Faces Hostile Takeover From Holder

  • Vanke's Wang says he doesn't welcome Baoneng as biggest holder
  • Baoneng became biggest holder of Vanke shares on Dec. 4

China Vanke Co.’s President Yu Liang said China’s biggest homebuilder faces a hostile takeover from a consortium backed by Baoneng Group, which became its biggest shareholder this month.

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