Baoneng Group sells 5 per cent stake in China Vanke

Baoneng Group sells 5 per cent stake in China Vanke

An employee walks past a logo of Vanke at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu

China Vanke said a major shareholder Baoneng Group has cut its shareholding in the property developer by 5 percent to 20.4 percent in the past three months.

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