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.
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Arab Swiss Engineering Company (ASEC) and the Iraqi conglomerate KAR Group have announced signing a 3-year agreement for the operation and maintenance of Qarachough Cement Plant; a 1.9 million tpy facility owned by the Iraqi conglomerate near Erbil city, Iraq.