China's Vanke in talks to sell logistics firm stake to GIC, source says

By Yahoo! Finance   |   10 hours ago
China's Vanke in talks to sell logistics firm stake to GIC, source says

China Vanke Co Ltd is in advanced discussions to sell a majority stake in VX Logistics to GIC, a sovereign wealth fund in Singapore, as part of efforts to address financial pressures. Vanke has been seeking to sell assets to manage its debt amid China's property sector crisis.

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