Ratings agency Moody's downgraded China Vanke further on Tuesday and maintained its negative outlook on the embattled property developer that is grappling with a liquidity crisis and sluggish sales ...

Property developer China Vanke on Monday said its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity deadlines this year.

Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over the company's liquidity ...

China Vanke faces turmoil as Chairman Yu Liang and CEO Zhu Jiusheng resign amidst a projected $6.2 billion loss for 2024, its first annual loss since 1991. Leadership transitions and financial ...

By Clare Jim HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as ...

Chinese outlet the Economic Reporter this month cited sources as saying that Zhu Jiusheng had been "taken away by public security authorities", but did not specify whether he had been formally ...

Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Beijing has in recent ...

China - January 17, 2025 Shares of China’s second-largest property developer, Vanke, dropped 7.8 percent Friday amid uncertainty over the whereabouts of the company's CEO, Zhu Jiusheng.

HONG KONG, Jan 16 (Reuters) - China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property ...