Vanke Leaves Creditors Guessing on Plans as Restructuring Looms

China Vanke Co., which is preparing a plan for a restructuring that would be one of the nation’s biggest ever, is leaving creditors grappling for clarity on how it will deal with more bonds due in the months ahead.

Representatives of Vanke shared few details in online meetings Wednesday when asked by bondholders about the company’s plans for notes that it hasn’t yet asked to delay paying, people familiar with the matter said. The company was once China’s biggest builder before succumbing to a years-long crisis in the property sector.