China Vanke Co (HK:2202) has released an update.
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China Vanke Co. has approved its 2024 Third Quarter Report, revealing a significant provision for credit losses amounting to approximately RMB 3.34 billion, impacting shareholder equity. The board also sanctioned adjustments to the company’s constitutional structure, reflecting a strategic move to strengthen its financial standing. These resolutions underscore China Vanke’s commitment to prudence and adaptability amid evolving market conditions.
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