China Vanke plans $995m share sale to repay overseas debt

China Vanke plans $995m share sale to repay overseas debt

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 Co Ltd said on Thursday it planned to sell HK$7.81 billion ($995 million) worth of new H-shares to raise capital to repay its outstanding overseas debt financing.

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