China Vanke CEO's reported detention deepens property sector concerns
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
China: Shares of Chinese developer Vanke plummet 7.8% after CEO reportedly detained
Shares of China’s second-largest property developer, Vanke, dropped 7.8 percent Friday amid uncertainty over the whereabouts of the company's CEO, Zhu Jiusheng. Jiusheng was reportedly detained Thursday night,
China Vanke's Turmoil: CEO Detention Rattles Real Estate Market
China's property sector is in turmoil as China Vanke's CEO, Zhu Jiusheng, has been detained. This has sparked fears of a government takeover, sending the company's shares plummeting. The incident is part of wider concerns about debt in China's real estate market,
China Vanke's CEO detained by authorities, state media reports
China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media The Economic Observer reported on Thursday.
China Vanke's CEO taken away by police: Report
Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources.
China Vanke's CEO Detainment Sparks Property Sector Concerns
China Vanke faced heightened scrutiny after reports of its CEO's detainment, adding to concerns about the country's struggling property sector. Despite being backed by major state-owned shareholder Shenzhen Metro,
China Vanke’s Hong Kong shares set to fall 8.4% after CEO reportedly detained
The Hong Kong-listed shares of property developer China Vanke were set to fall 8.4% on Friday after state media reported that Chief Executive Zhu Jiusheng was detained by Chinese
China Vanke's Hong Kong shares drop 8% after report of CEO detention
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive.A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
China Property Giant Vanke's CEO 'Taken Away' By Police: Report
The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.
China Vanke CEO Zhu Taken Away by Authorities, Observer Reports
The top executive of China Vanke Co., one of the country’s largest property firms, was taken away by police, the Economic Observer reported, citing unidentified sources.
China Vanke CEO's reported detention intensifies property sector woe
Concern over China's embattled property sector has deepened after state media reported the detention of China Vanke's chief executive and said authorities are overseeing operations, sending the developer's shares plummeting on Friday.
China developer Vanke’s fate in question as shares and bonds drop amid rumours
Vanke’s shares fell 3.29 per cent to HK$4.70 on Friday following media reports on Thursday evening that its president and CEO ...
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CHINA VANKE's Zhu Jiusheng Updates WeChat Moments Late at Night: Report
Rumor has it that Zhu Jiusheng, CHINA VANKE (02202.HK) president, CEO, and chief partner of the long-term rental apartment ...
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China Vanke shares sink amid speculation over top exec's whereabouts
HONG KONG -- Property developer China Vanke's shares fell sharply in Hong Kong and Shenzhen on Friday, as speculation swirled ...
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China Vanke's Uncertain Future: Government Intervention Sparks Worries
China Vanke's CEO Zhu Jiusheng has been detained, and a Shenzhen task force is now supervising the company. This development raises the prospect of a government takeover, which could further ...