Shares of developer Vanke surge as trading resumes

Acquisition of key stake by Shenzhen Metro means control battle nears end

Shares of China Vanke Co Ltd, China's largest property developer, surged on Monday when share trading resumed after a high-profile battle for control of the company approached its end.

Shenzhen-listed shares in Vanke were up as much as 9.3 percent on Monday morning as it resumed trading, after being suspended last Wednesday morning as Shenzhen Metro announced plans for a major share acquisition. Vanke shares closed on Monday at 21.7 yuan ($3.19), up 3.98 percent.