Vanke Reports RMB 9b May Sales, Loses Another Senior Exec

Vanke (000002.SZ, 200002.SZ) recorded sales of RMB 9.01 billion, or 810,000 sqm of property, in May, representing growth of 76.4% and 72.4% y-o-y, respectively, guandian.cn reported June 7. The company booked total contract sales of RMB 52.42 billion, or 4.53 million sqm of property, in the first five months of this year, said the report. Vanke targets RMB 140 billion in sales this year.

The company's Executive Vice President and Shanghai region General Manager Liu Aiming has resigned in order to follow new career opportunities, making the company's third senior executive to quit this year, the report said.