China: CSRC issues sharp reprimand to Vanke and its lead shareholders for ‘intensifying their conflict’

Realopedia Global Real Estate Portal

Securities watchdog says both parties disregarded market stability, the housebuilder’s development, and the interests of minority investors

The China Securities Regulatory Commission (CSRC), the country’s top securities regulator, heavily criticised the recent actions of both sides in the ongoing battle for control of housebuilder China Vanke on Friday, and warned any illegal behaviour would be punished.

Read more on: www.scmp.com

Source : China: CSRC issues sharp reprimand to Vanke and its lead shareholders for ‘intensifying their conflict’