Caixin
Jul 05, 2016 12:08 PM

In Depth: No Victor Yet in Battle for Developer Vanke

(Shenzhen) – Investors recently took quick advantage of China Vanke Co. Ltd.'s decision to resume trading on the Shenzhen Stock Exchange by punishing the property developer while its largest shareholders waged a messy struggle for control.

Shares in Shenzhen-listed Vanke, China's largest publicly traded developer by sales, on July 4 fell by the 10 percent daily limit to close at 21.99 yuan. More than13 million shares changed hands before the mandatory trading halt, which came barely a minute after the market opened.

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