April 20, 2017 / 2:22 AM / 4 months ago

Vanke says to invest $435 mln in a China property agency

HONG KONG, April 20 (Reuters) - China Vanke said it has agreed to acquire a stake in leading Chinese real estate agency Lianjia worth 3 billion yuan ($435.44 million) via private placement.

"Vanke is optimistic about Lianjia's development," Vanke told Reuters in a statement on Thursday. ($1 = 6.8896 Chinese yuan renminbi) (Reporting by Clare Jim; Editing by Joseph Radford)

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