China's securities regulator said on Friday that it was studying Baoneng Group's acquisition of a major stake in developer China Vanke Co with other financial watchdogs to see if any rules were violated.
It is the first time the stock regulator has said it is looking into the deal, which has triggered a high-profile battle between Vanke Chairman Wang Shi and Baoneng.
Vanke issued a statement on the Shenzhen stock exchange late on Friday to say that it hoped the management would not change the company's operating style. "The management hopes the company's culture, branding and credibility will be kept intact. These are the company's most precious assets," Vanke said.
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It is the first time the stock regulator has said it is looking into the deal, which has triggered a high-profile battle between Vanke Chairman Wang Shi and Baoneng.
Vanke issued a statement on the Shenzhen stock exchange late on Friday to say that it hoped the management would not change the company's operating style. "The management hopes the company's culture, branding and credibility will be kept intact. These are the company's most precious assets," Vanke said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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