Vanke Shares Set for Record Quarterly Drop as Debt Angst Builds

China Vanke Co. shares are headed for their sharpest quarterly drop on record as worries over the developer’s financial health intensify amid talks with creditors to extend payment on its 2 billion yuan ($284 million) bond.

The firm’s Hong Kong-listed shares have tumbled more than 35% since the end of September, making it one of the worst performers on the MSCI Asia Pacific Index. Its losses are more than double the drop on a gauge of Chinese real estate firms.