China Vanke Vows to Improve Bond Delay Plan After Failed Vote
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Distressed developer China Vanke Co. said it would improveBloomberg Terminal on plans to push back a looming bond payment after creditors balked at its initial proposal, raising the risk of default. Vanke, once China’s biggest homebuilder by sales, also said that it would hold a noteholder meeting on Thursday to discuss next steps for its 2 billion yuan ($283 million) security, which matures Dec. 15.