BUZZ-China Vanke gains on 2.8 bln-yuan loan from state-owned shareholder

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BUZZ-China Vanke gains on 2.8 bln-yuan loan from state-owned shareholder

Reuters02-11

** Hong Kong shares of China Vanke 2202.HK climb 2.4% to HK$5.58; set for fourth consecutive session of gains

** Cash-strapped property developer's major state-owned shareholder Shenzhen Metro extending a 2.8 bln yuan ($383 mln) loan in a sign that Beijing is boosting efforts to stabilise co

** Vanke will in return pledge 211.5 mln shares, or 18.3%, of its property services unit Onewo 2602.HK as collateral

** Onewo snaps three straight sessions of gains to ease 1.1%

** In separate filing, Vanke says it will repay on time the 3 bln yuan-notes maturing on February 16

** Shenzhen stock 000002.SZ slips 1.5%

** Last year co's Hong Kong and Shenzhen shares dropped 26.7% and 30.6%, respectively

($1 = 7.3066 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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set for fourth consecutive session of gains** Cash-strapped property developer's major state-owned shareholder Shenzhen Metro extending a 2.8 bln yuan ($383 mln) loan in a sign that Beijing is boosting efforts to stabilise co** Vanke will in return pledge 211.5 mln shares, or 18.3%, of its property services unit Onewo 2602.HK as collateral** Onewo snaps three straight sessions of gains to ease 1.1%** In separate filing, Vanke says it will repay on time the 3 bln yuan-notes maturing on February 16** Shenzhen stock 000002.SZ slips 1.5%** Last year co's Hong Kong and Shenzhen shares dropped 26.7% and 30.6%, respectively($1 = 7.3066 Chinese yuan renminbi) (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}