BUSINESS

Vanke Offloads Pig Farming Unit to Ease Liquidity Crunch

Published: May. 1, 2026 12:44 a.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Vanke fully acquired Huanshan over a three-year period starting in 2020. Photo: VCG

China Vanke Co. Ltd. plans to sell its entire stake in its pig-farming unit for 3.29 billion yuan ($483 million) as the embattled developer accelerates asset disposals to survive a deepening cash crunch.

The divestment underscores the acute financial distress facing the state-backed real estate giant, which is scrambling to shed non-core businesses to cover a massive short-term debt shortfall amid China’s protracted housing slump.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Vanke plans to sell 100% stake in pig-farming unit Huanshan for 3.29B yuan ($483M), above 3.24B valuation.
Unit profitable in 2025 (450M yuan net profit on 5.76B revenue); proceeds for working capital.
Cash crunch: Q1 2026 sales down 53.8% to 16.77B yuan; 60.5B cash vs 167.6B short-term liabilities.

AI generated, for reference only

Who’s Who

China Vanke Co. Ltd.: China Vanke Co. Ltd. is selling its full stake in pig-farming unit Huanshan Group for 3.29 billion yuan ($483M) to address a cash crunch amid China's housing slump. The profitable unit (2025: 450M yuan profit) is non-core. Vanke faces >100B yuan shortfall (cash: 60.5B vs. 167.6B liabilities), with Q1 2026 sales down 53.8%. Part of 37.2B yuan in 85 asset sales since 2024.

Huanshan Group Co., Ltd.: Huanshan Group Co., Ltd. is China Vanke's pig-farming unit. Vanke plans to sell its 100% stake for 3.29 billion yuan ($483 million) on the Shenzhen United Property Rights Exchange, above its 3.24 billion yuan valuation. Fully acquired from 2020, it earned 450 million yuan net profit on 5.76 billion yuan revenue in 2025.

China Tourism Group: China Tourism Group acquired a major ski resort project from Vanke in August 2025 as part of the developer's asset disposals.

AI generated, for reference only