Evergrande ups Vanke stake to 10%

China Vanke Co Ltd said on Wednesday that China Evergrande Group had bought another 551.96 million A shares in Vanke in August and November, doubling its stake in the developer to 10 percent. Vanke, which is at the center of a high-profile and complex corporate battle, said Evergrande hiked its holding to 1.10 billion A shares during Aug 12-22 and Nov 9-22, from 551.96 million A shares, or 5 percent of the issued share capital. “The change in shareholding does not lead to a change in the company’s largest shareholder,” Vanke said in a filing to the Hong Kong bourse, adding the change in shareholding did not trigger a general offer. It gave no further details. 40 percent year-on-year. China UnionPay Chairman Ge Huayong said it planned to enable all point-of-sale terminals in Portugal to accept UnionPay cards by the end of 2017. existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 2 percent from the previous month to a seasonally adjusted annual rate of 5.6 million in October, said the National Association of Realtors. The pace of sales was now 5.9 percent above that of a year ago and reached the highest level since February 2007, the association said. study by accounting firm Ernst & Young, most of the 73 big cities with more than 100,000 residents recorded a debit rise in 2015. “Many large German cities are falling deeper and deeper into the debt trap, despite the bubbling tax revenues and good economic conditions,” German media cited the study as reporting. took more than six years for visitor numbers to climb from 5 to 6 million.”