Troubled China Vanke Considers Offloading 21.4% Stake in GLP
Wednesday, 17 April 2024, 11:32
China Vanke's Debt Reduction Strategy
China Vanke is exploring options to sell its 21.4% stake in Singapore logistics firm GLP to address its debt issues.
Stake Sale Discussions
Vanke has engaged with state-owned investment entities, including Guangdong Holdings and a Tianjin-based firm, to exit its investment in GLP.
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