Mainland Chinese developers face uncertainty amid a sharp drop in property sales. Photo: AFP

Property giant China Vanke aims to raise US$1 billion in new shares sale as it prepares ‘to survive’ housing market slump

  • Mainland China’s second-largest developer said it will place 263 million new shares on the Hong Kong stock exchange at HK$29.68 apiece
  • Funds will help the builder brace for tough times after it unveiled a new slogan, ‘to survive’, last year
Topic |   China property

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Mainland Chinese developers face uncertainty amid a sharp drop in property sales. Photo: AFP
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