介绍:
Vanke's shareholders have voted to approve the developer's plan to extend its share suspension to June 18th amid an ongoing asset-restructuring program to counter a potential hostile takeover.
The Shenzhen and Hong Kong-listed Chinese property developer has been seeking other investors to increase stakes after Baoneng began steadily increasing its holdings in the firm in July last year.
Baoneng is Vanke's largest shareholder, with a near- 24-percent stake as of December 18th last year. It also voted in favor of Vanke's plan to extend the share suspension.
On Sunday, Vanke announced it would buy assets from Shenzhen Metro Group.
The deal, estimated to be at least 40 billion yuan or 6.2 billion U.S dollars, will be mostly funded through a private placement by Vanke.
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