China Vanke Co., Ltd. announced that its revenue for the year ended 31 December 2016 amounted to RMB228.92 billion, representing a year-on-year increase of 24.2 per cent; with profit attributable to equity shareholders of the Company rose by 16.0 per cent year-on-year to RMB21.02 billion. Basic earnings per share were RMB1.9, representing a 16.0 per …
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China developer Vanke acquires Shenzhen Metro unit for $6.9 billion
China Vanke, the mainland’s biggest property company by sales, said it will acquire a unit of Shenzhen Metro Group for 45.6 billion yuan ($6.9 billion) via a new share issue, making the state-owned subway operator its largest shareholder. The final purchase price came at the lower end of the 40 billion yuan to 60 billion …
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