Several Vanke bondholders signal they will oppose extension plan: sources

Several bondholders of China Vanke are opposing a plan to delay repayment of a bond maturing this month. Vanke, facing financial challenges, proposed a one-year extension to conserve cash for unfinished projects. The company needs 90% approval from bondholders to pass the plan, with a meeting set for Dec 10. Vanke's financial commitments are deemed unsustainable by S&P Global Ratings, and its liquidity issues have led to a significant drop in bond and share values.