China Vanke in Advanced Talks With Banks for $6.9 Billion Loan

📆 5/30/2024 8:05 AM
📰 BNNBloomberg

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China Vanke Co., the Chinese state-backed developer that’s become the latest flashpoint in the nation’s property crisis, is in advanced talks with major banks for a loan of about 50 billion yuan ($6.9 billion), people familiar with the matter said.

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