Chinese Real Estate Developer Vanke Receives Another RMB 2.5 Billion Infusion from Shenzhen Metro, Cumulative Loans Exceed RMB 100 Billion
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Chinese real estate giant Vanke has secured an additional RMB 2.5 billion (approximately NT$11.6 billion) in loans from its largest shareholder, Shenzhen Metro Group, pushing its cumulative borrowing from the group past RMB 100 billion. Vanke faces significant performance declines and continues to seek funding.