Previous close | 0.6960 |
Open | 0.8724 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 0.8724 - 0.9133 |
52-week range | 0.5248 - 1.6200 |
Volume | |
Avg. volume | 1,008 |
Market cap | 14.502B |
Beta (5Y monthly) | 0.76 |
PE ratio (TTM) | 7.46 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.09 (10.43%) |
Ex-dividend date | 25 Aug 2023 |
1y target est | N/A |
(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 BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksFlorida’s 125% Surge in Prope
Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to raise funds to ease its liquidity stress. The auction of the 19,000 square-metre block, which the state-backed property developer bought in late 2017 for 3.1 billion yuan, will start on May 18, according to a notice in the Shenzhen Public Resources Trading Center on Wednesday. Vanke said last month it is facing short-term liquidity pressure and operational difficulties, adding that it had prepared "a basket of plans" to stabilise its business and cut debt.
SHANGHAI (Reuters) -China Vanke's first public commercial real estate investment products closed flat on their debut on Tuesday, reflecting caution towards China's second-largest developer amid a prolonged property market downturn. The CICC-SCPG Consumption Infrastructure real estate investment trust (REIT) listed in Shenzhen fell as much as 3% in early trade before reversing losses by market close. It is backed by shopping centres owned by SCPG Holdings, the commercial property platform of Vanke.