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Vanke moves B shares to HK
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CHINA Vanke, the country’s largest residential developer, yesterday said trading of its 1.31 billion H shares will start tomorrow on the main board of the stock exchange of Hong Kong.
China Vanke’s Shenzhen-listed B shares ended trading on June 3 and closed at HK$12.41 (US$1.60) per share. Shenzhen-based Vanke is the third company to withdraw from the sluggish B-share market following China International Marine Containers and Livzon Pharmaceutical.
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