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/
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