BUZZ-Vanke's SZ shares drop to 17-year low on report bondholders to oppose bond extension plan
Reuters
Dec 03
BUZZ-Vanke's SZ shares drop to 17-year low on report bondholders to oppose bond extension plan
** Shenzhen-listed shares of China Vanke000002.SZ fall 3.5% to 5.02 yuan, lowest since September 2008
** HK shares of China Vanke2202.HK slip 3.3% to HK$3.54; set for biggest one-day pct drop since November 27
** Several Vanke bondholders signal they will oppose developer's plan to delay bond repayment, Bloomberg reports citing people familiar with the matter
** Vanke sought one-year deferral on onshore bond repayment, media reports say
** Co flags extension last week without disclosing length
** YTD, HK stock down 30.8%, Shenzhen-listed shares down 28.4%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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