China Builder Vanke Tells Investors It Readied Money to Pay Bond

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One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.

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China Vanke Seeks to Sell 21.4% Stake in Logistics Operator GLPChina Vanke Co. is seeking to sell its entire stake in logistics firm GLP Pte, according to people familiar with the matter, as the state-backed developer seeks to amass cash to stave off a debt crisis.
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