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Property developer China Vanke secures $383 million loan from Shenzhen Metro

China Vanke (CHVKF) has secured a 2.8 billion yuan ($383.12 million) loan from its major shareholder, state-owned Shenzhen Metro to repay debt, indicating further support from the government for the cash-strapped developer.

MarketWatch · 3d

China Vanke Secures Cheap Loan From State-Owned Shareholder

China Vanke secured a $383.3 million loan from a major state-owned shareholder at very attractive interest rate as the property developer continues to address its liquidity issues. The Shenzhen-based company said in a filing late Monday that it received the loan from Shenzhen Metro Group,

Reuters · 3d

China Vanke gets $383 mln loan from state shareholder

Cash-strapped China Vanke said its major shareholder, state-owned Shenzhen Metro, is giving it a 2.8 billion yuan ($383.12 million) loan, in a sign the government is stepping up efforts to stabilise the property developer.

scmp.com · 3d

China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt

Vanke will provide assets of up to 4 billion yuan as collateral to Shenzhen Metro Group via an 18 per cent stake transfer in its property management unit Onewo. The loan facility,

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Chetwoods and J&A unveil beach-informed metro station in Shenzhen

Created as part of Shenzhen's "Tourism Line", Dameisha station ... aligning with the overarching tourism theme of Metro Line 8," Chetwoods told Dezeen. "We wanted to create an inviting ...

Reuters8d

Shenzhen government tightens control over Vanke with management changes, document shows

Vanke, one of the best-known property company names in China and currently around a third owned by state-owned Shenzhen Metro, announced last month that Chairman Yu Liang and CEO Zhu Jiusheng have ...

JSTOR Daily7y

High-speed rail as a solution to metropolitan passenger mobility: The case of Shenzhen-Dongguan-Huizhou metropolitan area

Journal of Transport and Land Use, Vol. 11, No. 1 (2018), pp. 1257-1270 (14 pages) High-speed rail (HSR) has played an important role in China's long-distance travel. However, the potential of this ...

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