Vanke A announced that Wkland Limited, a wholly-owned subsidiary of the company, plans to acquire 50% of Wkland Investments II Limited's shares held by Bank of China Group Investment Co., Ltd., thereby obtaining 100% interest in the Shanghai Jinqiao Project. To complete the acquisition, Vanke Real Estate Co., Ltd. will provide the buyer with a performance guarantee of approximately 500 million yuan. The guarantee is within the scope authorized by the company's 2023 annual shareholders' meeting and approved by the company's executive vice president. Currently, the company's guarantee balance is 74.250 billion yuan, accounting for 36.64% of net assets at the end of 2024. After this guarantee, the total amount of the company's external guarantees will be approximately 78.279 billion yuan.

Zhitongcaijing · 04/01 10:33
Vanke A announced that Wkland Limited, a wholly-owned subsidiary of the company, plans to acquire 50% of Wkland Investments II Limited's shares held by Bank of China Group Investment Co., Ltd., thereby obtaining 100% interest in the Shanghai Jinqiao Project. To complete the acquisition, Vanke Real Estate Co., Ltd. will provide the buyer with a performance guarantee of approximately 500 million yuan. The guarantee is within the scope authorized by the company's 2023 annual shareholders' meeting and approved by the company's executive vice president. Currently, the company's guarantee balance is 74.250 billion yuan, accounting for 36.64% of net assets at the end of 2024. After this guarantee, the total amount of the company's external guarantees will be approximately 78.279 billion yuan.