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China Vanke Co., Ltd. (18V.F)
- Bloomberg
Lifelines Spur Frenzy of Bets on China Vanke’s Turnaround
(Bloomberg) -- Trading in shares of China Vanke Co. has surged to the highest level in four years as China’s housing rescue package and nearly $4 billion of funding secured by the property firm this month spur bets on its survival.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationStocks Join Bonds in Falling as Fed-Cut Bets Wane: Markets WrapS
- Reuters
China Vanke granted $2.8 billion onshore syndicated loan facility
Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan ($2.76 billion) syndicated loan facility and it would continue to push forward other financing to boost its liquidity. It was unclear whether this new syndicated loan facility, led by China Merchants Bank according to Vanke in a statement on Thursday, is part of the 80 billion yuan target or separate from it. Half of the 20 billion yuan facility - the largest to the real estate sector since 2020 - has been transferred to Vanke, a person with direct knowledge of the matter said, and the loan was pledged to shares in VX Logistics, a integrated logistics service provider under Vanke.
- Bloomberg
China Developer Vanke Gets New Loan Pushing Total to $1 Billion
(Bloomberg) -- China Vanke Co., one of the nation’s few real estate giants that’s yet to default, has gotten a fresh loan, pushing recent bank borrowings over $1 billion as it shores up its finances.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML and TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Iran State TV Says ‘No Sign of Lif
