Chinese construction company jumps 2%
Published by Joseph Green,
Editor
World Cement,
According to the latest Reuters report, China Vanke's Hong Kong shares increased by over 2% in early trading on 15 August after China's biggest home builder announced first-half profit rose by 10%. This increase came despite the company being hit by a high-profile battle for control.
Vanke's Shenzhen-listed shares gained 3.6%.
While net profit grew in the six months ended June, Vanke announced that some of its partners and customers have raised concerns about the company's prospects as a result of its dispute with its biggest shareholder, Baoneng Group.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/asia-pacific-rim/22082016/chinese-construction-company-jumps-125/
You might also like
The World Cement Podcast - The changing face of cement in Europe
In this special joint episode of the World Cement Podcast and Cementing Europe’s Future, Senior Editor David Bizley is once again joined by Koen Coppelholle, CEO of Cement Europe (formerly CEMBUREAU). The two discuss the reasons behind the rebrand, a new action plan for cement, and the future of the industry.
Tune in to the World Cement Podcast on your favourite podcast app today.
