China Vanke Co., Ltd. (000002.SZ)
| Previous Close | 8.18 |
| Open | 7.40 |
| Bid | 9.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 8.00 - 9.00 |
| 52 Week Range | 6.45 - 15.78 |
| Volume | |
| Avg. Volume | 209,132,389 |
| Market Cap | 91.234B |
| Beta (5Y Monthly) | 0.76 |
| PE Ratio (TTM) | 10.34 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.68 (7.56%) |
| Ex-Dividend Date | Aug 25, 2023 |
| 1y Target Est | N/A |
- Reuters
China Vanke to auction Shenzhen land plot with loss-making reserve price
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.
- Reuters
China Vanke's first public commercial REIT close flat on debut
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.
- Reuters
China Vanke seeks to offload stake in logistics operator GLP, Bloomberg reports
Vanke has held discussions with parties including state-owned investment company Guangdong Holdings Ltd and a Tianjin-based state-owned firm to exit its investment, the report said, citing people familiar with the matter. Vanke, China's second largest property developer by sales which bought a 21.4% stake in GLP for about S$3.4 billion ($2.49 billion) in 2018, declined to comment on the report.
