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Vanke eyes partnership over company control

China’s top homebuilder Vanke says it will put out its capital restructuring plan within 30 days, following Friday’s suspension of its stock trading, at its request. This means Vanke stocks could resume trading by January 18th. Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, after Vanke’s chairman Wang Shi openly opposed Baoneng Group’s acquisition of shares that would make them being the company’s biggest shareholder. Experts have speculated that the suspension may be Vanke’s strategy to deter the investor.

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