Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images
Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images

Vanke, China’s third-largest developer, seeks its second US$1 billion from stock investors to repay foreign debt, ease coronavirus crunch

  • Vanke plans to sell 315.59 million shares at HK$25 each, after raising about the same amount in 2019 to pare overseas debt
  • Refinancing plan follows a 7.7 cent drop in sales for the first five months of the year

Topic |   China property
Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images
Last month, Vanke unveiled a plan to move into pig farming, as a way of diversifying its revenue sources. Photo: Getty Images
READ FULL ARTICLE