Is the tussle for control of Vanke finally over? Photo: SCMP

Vanke ends rescue plan as Evergrande declares hand, tipping balance in shareholders

Vanke said it’s ending a restructuring involving Shenzhen Metro, citing the end of a six-month regulatory deadline, after Evergrande said on CCTV it’s not keen to seize control

Topic |   China Vanke

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Is the tussle for control of Vanke finally over? Photo: SCMP
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.

Summer Zhen

Summer Zhen

Summer Zhen is a business reporter covering the property markets in mainland China and Hong Kong as well as cross-border investments and the financial markets. Born in Shanghai, she holds a master's degree in Journalism from the University of Hong Kong and is a graduate of Waseda University in Japan. She has also studied in the US. A winner in the "Best Young Reporter" category at the 2014 Hong Kong News Awards, Summer previously worked for Phoenix TV and Ming Pao.