Vanke Saga Takes New Twist With Surprise Entry of Evergrande

Updated on
  • Evergrande buys Vanke A shares, cites ‘strong’ performance
  • Vanke denies it leaked information about deal after query

Evergrande Invests $1.4B in Vanke

The decision by billionaire Hui Ka Yan’s China Evergrande Group to take a 4.68 percent stake in China Vanke Co. introduces a new twist to the eight-month long battle for control of China’s largest residential property developer.

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