China Vanke's CEO, chairman resign as $6.2 billion forecast loss ...
3 days ago · 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 concerns over...
Vanke Flags Record Loss as Top Executives Resign Amid Woes
CEO Zhu Jiusheng is also quitting, citing “health reasons.” He will no longer hold any positions at the company. Xin Jie, chairman of Shenzhen Metro Group Co., will replace Yu.
China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives
3 days ago · 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.
China Vanke's CEO detained by authorities, state media reports
Jan 16, 2025 · 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 developer's operation, state media ...
China Vanke's CEO, chairman resign amid growing liquidity …
By Clare Jim (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 ...
Chinese property giant Vanke warns of huge loss, CEO resigns
3 days ago · Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. The company also warned on Monday of a net loss of …
Vanke CEO Arrested as Shenzhen Officials Take Charge: Reports
Jan 18, 2025 · China Vanke president and CEO Zhu Jiusheng was reportedly arrested Wednesday by public security authorities, with the troubled developer’s operations now said to …
China property giant Vanke's CEO 'taken away' by police: Report
Jan 16, 2025 · Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources. Hong Kong-listed Vanke, which is part-owned by the...
Vanke CEO Zhu Jiusheng Taken by Authorities - Reports
Jan 17, 2025 · Zhu Jiusheng, the CEO of China Vanke, was taken into custody by public security authorities on Wednesday, according to a report from state media outlet The Economic Observer.
China Vanke CEO's Unexpected Detention Raises Concerns
Jan 16, 2025 · China Vanke's CEO Zhu Jiusheng has been detained by public security authorities, stirring volatility in the company's bond prices. Amid a protracted property market downturn, Vanke aims to secure funds to meet its bond commitments by 2025, affirming its determination to weather the fiscal challenges.
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