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SZ Govt Reportedly Holds Closed-door Meeting on CHINA VANKE Last Fri, Emphasizing on Keeping Stable Operation
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The Shenzhen Municipal Government held a closed-door meeting last Friday (17th) on the situation of CHINA VANKE (02202.HK), at which it emphasized the need to maintain CHINA VANKE's stable operation, Bloomberg quoted sources as saying. CHINA VANKE's H-shares opened 0.2% lower before hiking today, and advanced 5.52% to last at $4.97 after midday, with a turnover of $464 million. VANKE A(000002.SZ) closed at RMB6.85, leaping 3.3%. Last week, it was rumored that Zhu Jiusheng, President and CEO of CHINA VANKE, had been taken away by the public security authorities, and that the company may face a takeover and reorganization. Zhu was subsequently contacted and the report was deleted. The meeting also mentioned the plan to bring in a new audit and financial advisor to evaluate CHINA VANKE's real estate projects and assets, according to the report. AAStocks Financial News |
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