The Zhitong Finance App learned that Vanke Enterprise (02202) fell by more than 4% and fell by more than 25% during the month. As of press release, it fell 4.11% to HK$3.97, with a turnover of HK$169 million.
According to the news, on April 11, the international rating agency Standard & Poor's announced that it would downgrade the long-term issuer credit rating of Chinese real estate giant Vanke Enterprise Co., Ltd. from “BBB+” to “BB+,” with a “negative” outlook. At the same time, the long-term issuer credit rating of its subsidiary Vanke Real Estate (Hong Kong) Limited was downgraded from “BBB” to “BB”.
Furthermore, on April 10, market news said that Xiao Jin, general manager of Vanke Jinan Company, was taken away for investigation by Shandong police 48 hours ago. In response, Jinan Vanke said that due to personal reasons, Xiao Jin cooperated with the relevant department's investigation, the company was operating normally, and Jin Yabin took over as the general manager of the Jinan company. Currently, the investigation is still ongoing, so please refer to the information disclosed by the relevant government departments.