Vanke An actively responds to debt challenges and ensures high-quality project delivery.
Vanke Enterprise Co., Ltd. has recently faced phased operational difficulties, and liquidity is under short-term pressure. But the company has worked outFournierplayingcardsA series of programs to stabilize operations and reduce liabilities have been put forward to properly defuse risks. The size of the company's debt is expected to drop by 100 billion yuan in the next two years, substantially resolving the debt risk. In addition, Vanke A promises that all projects will be delivered on time and of high quality, providing confidence to investors.
In reflection, Vanke realized that it failed to adjust its business strategy in time when major changes took place in the macro situation and the industry situation. The company has re-examined the business and formulated a targeted plan to solve the problems such as the excessive occupation of funds in the transformed business and the failure to achieve business objectives.
Vanke also explained in detail the recent negative public opinion in the market. It includes clarifying the contents of the reports made by Yantai partners, emphasizing that there are no problems such as management seeking private interests in the company, as well as the explanation of the incident in which Xiao Jin, general manager of Jinan Vanke, was taken away by the public security organs. Vanke will continue to adhere to the principle of seeking truth from facts, actively cooperate with government departments in the investigation, and safeguard the legitimate rights and interests of the company in accordance with the law.
Despite the challenges, Vanke A, with the support of the government and major shareholders, will strive to achieve high-quality development and provide investors with stable and reliable returns.
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