Evergrande builds up Vanke stake, Calxon unit sells project to Sunac for $530m

Evergrande builds up Vanke stake, Calxon unit sells project to Sunac for $530m

Reuters

China Evergrande Group said it has bought more shares in rival property developer China Vanke – the latest purchase in a rapid build up this month that could soon see it become the company’s second-biggest No. 2 shareholder.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter