BUZZ-China Vanke jumps as Shenzhen Metro set to provide 4.2 bln yuan loan

Reuters
02-24
BUZZ-China Vanke jumps as Shenzhen Metro set to provide 4.2 bln yuan loan

** Hong Kong shares of China Vanke 2202.HK jump 8.1% to HK$6.37, highest since February 13

** Stock on track for biggest one-day pct rise since February 12

** Vanke's Shenzhen-listed stock 000002.SZ gain 5.9% to 8.07 yuan, highest since February 13

** China Vanke says its key shareholder Shenzhen Metro will provide 4.2 bln yuan ($580.87 mln) loan for the co to repay principal and interest of its issued bonds

** Hang Seng Mainland Properties Index .HSMPI rises 2.8%, index tracking property and construction stocks .HSCIPC climbs 2.3%, while Hang Seng Index .HSI slips 0.6%

** Vanke's Hong Kong shares up 16.3% YTD, Shenzhen-listed stock rises 5%

($1 = 7.2305 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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