Tag: Baoneng Group

VANKE CALLS FOR REGULATORS TO INVESTIGATE BAONENG’S ASSET MANAGEMENT PROGRAMMES

In its latest revolt against control by Baoneng Group, China Vanke Co has submitted a report to the country’s securities regulators on Tuesday, accusing asset management programmes (AMPs) of its largest shareholder of violating relevant…


Shenzhen bourse queries Vanke’s two major shareholders on action in concert

Shenzhen Stock Exchange sent notices on Monday to Baoneng Group and China Resources, the two largest shareholders of Vanke, asking them to clarify if they or their affiliates have reached an agreement on increasing the…


FINTS MORNING BRIEF (28 Jun 2016)

PBoC’s 2016 Financial Stability Report calls for vigorous efforts to push forward financial reform Shenzhen Stock Exchange inquires China Resources and Baoneng Group on whether the two companies are parties acting in concert Shenzhen Stock…


Baoneng and China Resources teams up to block Vanke’s restructuring

Baoneng Group, Vanke’s largest shareholder, states its objection in a late night announcement to Vanke’s restructuring plan which would push Baoneng back to the second place in terms of shareholding size. The announcement firmly declares…


Clashes over Vanke’s controversial 45.6-billion-yuan acquisition continue to escalate

China Resources, a centrally-administrated state-owned enterprise and the second largest shareholder (15.24% stake) of Vanke, has stepped up to block the 45.6-billion-yuan restructuring plan proposed by the latter. As the rival sides continue to scuffle…