2016/6/26 China Vanke (2202-HK) says shareholders seek to oust chairman, 11 directors

China's biggest property company China Vanke Co Ltd said two major investors asked for a shareholder meeting to seek approval to remove founder and chairman Wang Shi and 11 other directors from the board. Shenzhen Jushenghua Co Ltd and Foresea Life Insurance Co Ltd, holding an aggregate 24.29 percent of China Vanke's total issued share capital, requested the extraordinary general meeting, China Vanke said late Sunday in a filing to the Hong Kong bourse late on Sunday. The board would respond within 10 days.

2016/6/25 GEMDALE PPT Joins Bid for Buying Remaining 24% Equity in Guangzhou Guangdian Real Estate Development

GEMDALE PPT (00535.HK) announced that it decided to participate in the public bid for the remaining 24% equity interest in Guangzhou Guangdian Real Estate Development at a maximum consideration of RMB450 million. The public bid is expected to be proceeded in end June 2017.

2016/6/23 Poly Real Estate Group (600048) Invests in Didi Taxi, Taking Stake

Poly Real Estate Group Co., Ltd. (SHSE: 600048) and Poly Investment planned equity investment in Didi Taxi through CNY fund set up by Poly Capital, investing USD 400 million taking a 1.45% stake. Poly Capital is a PE fund set up by Poly Real Estate and Poly Investment, investing in the taxi hailing service provider through a CNY fund not surpassing CNY 2.5 billion and a USD fund not breaking USD 100 million.

2016/6/21 Evergrande Opens Path for Onshore Chinese Equity Funding

Evergrande Real Estate Group (3333.HK) is buying up the remaining stakes it does not already own in Shenzhen-listed property developer China Calxon Group (000918.SZ), becoming one of the earliest among major Hong Kong-listed developers to proceed with backdoor-listing efforts on the mainland. Evergrande, which is facing concerns about its aggressive acquisitions backed by rising debt, has secured regulatory approval in recent weeks for the takeover of state-backed Calxon. It will be paying 4.21 yuan per share for a 47.22% stake, paying 3.59 billion yuan. In April, it paid 3.6 billion yuan for a 52.78% stake in Calxon, or 3.79 yuan per share. Some Hong Kong-listed Chinese developers, including Dalian Wanda, are seeking a listing in the mainland as they are frustrated with undervalued share prices across the border.

2016/6/20 New World's NWS says to sell HK logistics centre for $485 mln

Hong Kong's NWS Holdings Ltd , a road and port operator, said it would sell its logistics centre to a unit of China Resources Enterprise Ltd for HK$3.75 billion ($485 million) after a strategic review of its assets. NWS, a unit of property developer New World Development Co Ltd, said the deal will generate cash resources for working capital and is expected to be completed on August 31. A HK$850 million gain from the sale would be mostly booked in the financial year ending this month, NWS added.