Home / Business

Accusations fly as Vanke battle hots up

By Hu Yuanyuan and Jing Shuiyu | China Daily | Updated: 2016-07-21 08:24

Real estate giant urges watchdogs to investigate asset management plans of Baoneng Group

Real estate giant China Vanke Co Ltd is accusing its largest shareholder Baoneng Group of illegal acts and insufficient disclosure of stock ownership moves, warning of an upsurge in the battle for control of the company.

Vanke has asked the China Securities Regulatory Commission and the Shenzhen Stock Exchange to probe into the asset management plans, or AMPs, of Shenzhen Jushenghua Co Ltd, an arm of Baoneng Group, on Monday for alleged illegal acts and insufficient disclosure, according to the filing released by the Shenzhen-based developer.

Accusations fly as Vanke battle hots up

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349