China Property Woes Deepen With Vanke Slump, Country Garden Halt
Country Garden Holdings Co., once the nation’s top residential builder by sales, made a surprise announcement late Thursday that it will miss a deadline for reporting annual results, saying it needs more information. China Vanke Co., at one time the largest listed developer, said net profit tumbled 46% last year, the biggest drop since its 1991 listing.
https://www.bloomberg.com/news/artic...omepage-europe
- Country Garden expects to miss March 31 earnings deadline
- Vanke shares tumble after result missed analysts’ estimates
Country Garden Holdings Co., once the nation’s top residential builder by sales, made a surprise announcement late Thursday that it will miss a deadline for reporting annual results, saying it needs more information. China Vanke Co., at one time the largest listed developer, said net profit tumbled 46% last year, the biggest drop since its 1991 listing.
https://www.bloomberg.com/news/artic...omepage-europe
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