(Jan 30): China Vanke Co reported its losses widened by two-thirds to a record last year, citing a sharp decline in its property developments and additional provisions. The troubled developer’s preliminary net loss in 2025 bloated to about 82 billion yuan (RM46.31 billion), compared with 49.5 billion yuan the previous year, according to a filing with the Hong Kong stock exchange on Friday. “The scale of settlement for real estate development projects declined significantly, and gross profit margins remained low,” the company said in the filing. The partial repayments amount to 2.5 billion yuan, plus a further 413 million yuan due on Friday on a separate security, according to Bloomberg calculations based on prior filings. But on Friday, Vanke shares fell 5.9% to HK$3.80 (RM1.91) in Hong Kong, extending their losses in the past year to more than 30%.

Source: The Edge Markets January 30, 2026 13:54 UTC