Shareholder steps up opposition to China Vanke's $6.9b white knight deal

Shareholder steps up opposition to China Vanke's $6.9b white knight deal

An employee walks past a logo of Vanke at its headquarters in Shenzhen, south China's Guangdong province, November 2, 2015. REUTERS/Tyrone Siu

China Vanke’s second-biggest shareholder increased its opposition to a planned $6.9 billion purchase by China’s biggest property company that would see it issue shares to a white knight, raising doubts whether the deal will go ahead.

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