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 ...
The government in the Chinese city of Shenzhen has made 10 new management appointments at China Vanke , according to an internal document seen by Reuters, in another move to tighten control over the ...
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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 ...
(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 ...
Zhu Jiusheng, the chief executive, would resign “due to health reasons,” the company said. The changes mark an effort by the local government to take greater control of the management of Vanke.
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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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