According to the National Enterprise Credit Information Publicity System, Vanke sold shares of about 27 billion yuan in the development of its Vanke Logistics subsidiary. The pledge holder is the Shenzhen branch of China Merchants Bank. According to the publicity system, equity issuance took effect on May 20.
万科将旗下物流公司270亿元人民币股权质押给招商银行深圳分行
Vanke pledges 27 billion yuan of shares in its logistics company to China Merchants Bank Shenzhen Branch
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