HONG KONG -- Property developer China Vanke was hit by falling share prices and a credit rating downgrade on Friday, as speculation swirled over the status of its President and CEO Zhu Jiusheng.
The Hong Kong-listed shares on Friday closed down 3.1% from the previous day at 4.71 Hong Kong dollars, after dipping more than 9% at one point. In Shenzhen, the company's shares closed 3.6% lower at 6.63 yuan, having fallen as much as 6.3% during midday trading.
