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flag China Vanke's share surge follows proposal to delay bond repayments, pending bondholder votes.

flag China Vanke’s shares rose after the company proposed delaying repayment on several overdue bonds, including seeking a 90-day grace period extension and deferring principal payments by up to a year, with some plans offering upfront cash and project receivables as collateral. flag Bondholders will vote on the proposals from January 21–26, and a meeting is scheduled for January 22 on a separate bond. flag The moves lifted Vanke’s onshore bonds and shares, though analysts note the company’s debt restructuring remains uncertain amid declining market share and leadership changes.

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