China Vanke Halts Public Tender for 99.41% Stake in Huanshan, Maintains Plan to Pursue Disposal

Bulletin Express06-12

China Vanke announced that the public tender to sell 99.41% of its subsidiary Huanshan on the Shenzhen Assets Exchange has been terminated after the 11 June 2026 bidding deadline passed without any qualified bidders.

The company confirmed that the Hong Kong Stock Exchange has approved its application regarding the “profits ratio” calculation under Rule 14.20. Consequently, the proposed stake sale qualifies as a discloseable transaction subject to announcement and reporting obligations under Chapter 14 of the Listing Rules.

Management stated that halting the tender will not materially affect the group’s financial position or operations and is considered in the best interests of both the company and its shareholders. China Vanke intends to continue evaluating alternative routes for divesting the Huanshan equity interest, taking into account prevailing market conditions and strategic considerations. Further updates will be released in line with applicable listing requirements.

Shareholders and potential investors are advised to exercise caution when dealing in China Vanke’s shares.

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