Vanke in Talks for $1.9 Billion of Property From BlackstoneBloomberg News
Deal was reason for director’s controversial vote abstention
Vanke is embroiled in tussle for control by major shareholders
China Vanke Co. and its partners are in talks to pay about 12.9 billion yuan ($1.9 billion) for commercial property from Blackstone Group LP and other parties, a deal that first drew attention last month after a Vanke director abstained from a key vote citing a conflict of interest due to the transaction.
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