China's Vanke said to be in talks to sell stake in logistics firm to GIC

China's Vanke said to be in talks to sell stake in logistics firm to GIC

FILE PHOTO: A signage of Singapore’s sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. REUTERS/Edgar Su/File Photo

Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, a person with knowledge of the matter said.

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