Chinese property giant Vanke warns of huge loss, CEO resigns

Legit | 27-01-2025 10:06pm |

Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities. Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to resign... owing to health reasons".

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