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GLP

China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade

by Anas Siddiqui
China Vanke units guarantee US.1 billion in loans for troubled developer after Fitch Ratings downgrade

Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had …

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Troubled China Vanke looks to offload 21.4% stake in Singapore logistics firm GLP as it seeks to ease debt burden

by Anas Siddiqui
Troubled China Vanke looks to offload 21.4% stake in Singapore logistics firm GLP as it seeks to ease debt burden

China Vanke is seeking to sell its entire stake in logistics firm GLP, according to people familiar with the matter, as the state-backed developer seeks to amass cash to stave …

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