Shenzhen Metro Group : Chinatopix

Home > Shenzhen Metro Group

Shenzhen Metro Group

China Vanke refuses to grant Baoneng's call for EGM.

China Vanke Refuses Baoneng's Call for Shareholder's Meeting

Jul 04, 2016 07:41 AM EDT

Property developer China Vanke has refused to call an extraordinary shareholder meeting (EGM) as requested by its largest stakeholder Baoneng, the company announced on Sunday. Baoneng is seeking to oust the CEO and members of the board of China Vanke.

Two major shareholders of China Vanke are seeking to oust its chairman and 11 directors.

China Vanke Shareholders Seek to Oust Chairman, Executive Directors

Charissa Echavez |

Jun 27, 2016 01:58 PM EDT

Two major shareholders of real estate developer China Vanke Co. sought for an extraordinary shareholders meeting with the aim of ousting 10 of its directors including Chairman Wang Shi and President Yu Liang, the company said in a filing to the Hong Kong exchange.