China Vanke Co ( (HK:2202) ) has issued an announcement.
China Vanke Co., Ltd. announced several significant leadership changes, including the resignation of Chairman Yu Liang and CEO Zhu Jiusheng, due to various personal reasons. These changes come at a critical time as the company faces liquidity challenges and a predicted loss for 2024. To address these issues, the board has elected Xin Jie as the new Chairman and made strategic appointments to reinforce management. The company aims to leverage its substantial shareholder, Shenzhen Metro Group Co., Ltd., to focus on core businesses and transform financing models, ensuring steady operations and long-term value creation for stakeholders.
More about China Vanke Co
China Vanke Co., Ltd. is a prominent real estate company in China, focusing on property development and management. The company is recognized for its comprehensive operations in real estate and related sectors, serving a diverse market within the real estate industry.
YTD Price Performance: 3.04%
Average Trading Volume: 10,767
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.48B
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