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Vanke Pledges Wanwu Cloud Shares Again in Exchange for a 4.2 Billion Yuan Loan From Shenzhen Metro | Shenzhen Metro Group

Summary by 大纪元 Epoch Times
China's real estate giant Vanke is mortgaging its high-quality asset Wanwu Cloud's equity in exchange for continued financial support from its major shareholder Shenzhen Metro Group. According to the latest announcement, Vanke will use Wanwu Cloud shares worth no more than 6 billion yuan to replace the credit enhancement measures for the 4.2 billion yuan loan provided by Shenzhen Metro Group in February this year. This means that Vanke has cumul…
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Vanke Pledges Wanwu Cloud Shares Again in Exchange for a 4.2 Billion Yuan Loan From Shenzhen Metro | Shenzhen Metro Group

China's real estate giant Vanke is mortgaging its high-quality asset Wanwu Cloud's equity in exchange for continued financial support from its major shareholder Shenzhen Metro Group. According to the latest announcement, Vanke will use Wanwu Cloud shares worth no more than 6 billion yuan to replace the credit enhancement measures for the 4.2 billion yuan loan provided by Shenzhen Metro Group in February this year. This means that Vanke has cumul…

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大纪元 Epoch Times broke the news in on Saturday, May 24, 2025.
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