Vanke’s shares lose $10b as takeover battle gets murkier

Vanke’s shares lose $10b as takeover battle gets murkier

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

Shares of China Vanke Co. are tumbling as a crackdown on leveraged buyouts complicates a takeover battle for the nation’s largest listed property developer.

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