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China’s Vanke in talks to sell logistics firm stake to GIC
Investors - JANUARY 24, 2025

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China’s Vanke in talks to sell logistics firm stake to GIC

by Andrea Zander

China’s Vanke is in talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, reported Reuters, citing a person with knowledge of the matter.

The VX Logistics stake sale, if finalized, would come amid growing concerns about Vanke's financial health, as the firm becomes the latest victim of China’s protracted property sector debt crisis, according to the article.

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