Moody's: China Vanke's rating unaffected by major shareholder's proposed share transfer
Hong Kong, January 13, 2017-- Moody's Investors Service says that China Vanke Co., Ltd.' s Baa1 issuer rating and the negative outlook on the rating are not immediately affected by China Resources Co Limited's proposed transfer of its share ownership in China Vanke to Shenzhen Metro Group Co., Ltd.. On 12 January 2017, China Vanke announced that China Resources and its wholly-owned subsidiary-- collectively the second largest shareholder of China Vanke-- plan to sell their entire...
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