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 ...
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China Vanke's top executives resign from property developerIn addition to Liang, Chief Executive Officer Zhu Jiusheng is also stepping down. Jiusheng cited "health reasons" for his decision. Unlike Liang, Jiusheng will not retain any positions within the ...
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Chinese property giant Vanke warns of huge loss, CEO resignsChinese 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 ...
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 ...
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China Vanke's CEO, chairman resign amid growing liquidity worries(Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity ...
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 ...
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Even China’s Property Stalwart Isn’t Immune From the CrisisHONG KONG—One of China’s biggest property companies reported a multibillion-dollar loss and the resignation of its top executives, raising fears that even developers once regarded as among the ...
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 ...
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