BEIJING—China Vanke Co., one of the world’s largest home builders, is picking up a crucial ally in its long-running effort to fend off a possible hostile takeover. Subway operator Shenzhen Metro Group Co. said late Thursday that it will purchase the entire 15.3% interest of Vanke’s No. 2 shareholder, China Resources Group , for 37.2 billion yuan ($5.4 billion). Analysts saw the Shenzhen Metro share purchase as pivotal in the...

Source: Wall Street Journal January 13, 2017 06:04 UTC