China property developer Vanke held its first extraordinary shareholders’ meeting of 2026 to review a board reconstitution. Management said operating metrics have not materially improved and debt and liquidity remain under pressure, leaving the incoming board with severe risks and heavy responsibilities. Vanke said the new board will focus on setting strategy, making decisions and preventing risk while mobilising efforts to address the company’s challenges.

2026-07-31

China property developer Vanke held its first extraordinary shareholders’ meeting of 2026 to review a board reconstitution. Management said operating metrics have not materially improved and debt and liquidity remain under pressure, leaving the incoming board with severe risks and heavy responsibilities. Vanke said the new board will focus on setting strategy, making decisions and preventing risk while mobilising efforts to address the company’s challenges.