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Hong Kong shares of China Vanke rise over 2 pct after H1 profit jump

Hong Kong shares of China Vanke rise over 2 pct after H1 profit jumpHong Kong shares of China Vanke rise over 2 pct after H1 profit jump

HONG KONG Aug 22 China Vanke’s Hong
Kong shares rose over 2 percent in early trading on Monday after
China’s biggest home builder said first-half profit rose 10
percent, even though business has been bit a high-profile battle
for control of the firm.

Vanke’s Shenzhen-listed shares gained 3.6
percent.

While net profit grew in the six months ended June, Vanke
said some of its partners and customers have raised concerns
about the company’s prospects as a result of its spat with its
biggest shareholder, Baoneng Group. (Reporting by Donny Kwok and Clare Jim; Editing by Kenneth
Maxwell)

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