Refocus on Operation, Stronger Growth Ahead
As expected, shareholders of China Vanke passed the resolution to appoint a new board of directors. Separately, the company announced the acquisition of a large portfolio formerly held by Guangdong International Trust. We believe these developments are further indicators of the strengthening of a collaborative relationship between the company’s new controlling shareholder Shenzhen Metro and the company’s management. We expect the company’s growth to accelerate as the management refocuses on the ...
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