Summary by Futu AI
China Vanke Co., Ltd. (referred to as Vanke) announced that its holding subsidiary, Suzhou Fuheng Enterprise Management Consulting Co., Ltd., plans to transfer 50% equity of Suzhou New District Hi-Tech Industrial **** Land Co., Ltd. to Suzhou New District Hi-Tech Industrial Group Co., Ltd. Vanke's wholly-owned subsidiary, Suzhou Vanke Enterprise Co., Ltd., will provide joint liability guarantee for this equity transfer, and the amount of the guarantee will not exceed RMB 960 million. This move was authorized by the 2023 shareholders meeting and made within the scope of the authority of the company's president. As of June 30, 2024, Vanke's total external guarantee amount will reach RMB 81.637 billion, accounting for 32.55% of the audited net assets attributable to shareholders of the listed company at the end of 2023.