VANKE(SZ:000002) 证券时报·2025-06-12 15:33Core Viewpoint - Vanke A has completed the sale of all A-share treasury stocks, which is part of a strategy to maintain company value and protect shareholder interests [1][6]. Group 1: Sale of Treasury Stocks - Vanke sold approximately 72.96 million shares, accounting for 0.61% of its total share capital, generating approximately 479 million yuan (before transaction fees) [5]. - The sale occurred between June 10 and June 12, 2025, with a highest transaction price of 6.72 yuan/share, a lowest price of 6.48 yuan/share, and an average price of 6.57 yuan/share [5]. - The treasury stocks were originally repurchased in 2022 as part of a plan approved by the board to use self-raised funds for share buybacks [6][7]. Group 2: Financial Support and Debt Management - Shenzhen Metro Group, Vanke's largest shareholder, has been providing financial support, including a loan of up to 3 billion yuan for repaying bond principal and interest [8]. - In 2023, Shenzhen Metro Group has provided multiple loans to Vanke, totaling 101 billion yuan for similar purposes [8]. - Despite facing financial pressures, Vanke has been active in the land market, acquiring land in Wuhan and Zhengzhou [8]. Group 3: Industry Context - The real estate sector has seen positive signals regarding debt restructuring, with over 10 companies, including Sunac China and Country Garden, making progress in their debt restructuring efforts since May [8].