China Vanke Faces Leadership Shake-Up

28 Jan 2025 CW Team

China Vanke, a major property developer, announced the resignation of chairman Yu Liang and CEO Zhu Jiusheng as it grapples with liquidity challenges and looming debt deadlines. Yu will remain as executive vice president, with three executives from Shenzhen state-owned firms joining the leadership team.

The company reported "temporary liquidity difficulties" and plans to focus on core operations while leveraging resources from its largest shareholder, Shenzhen Metro.

Vanke expects a Rs 513 billion (45 billion yuan) net loss for 2024, a sharp decline from its Rs 137 billion (12 billion yuan) net profit in 2023. The loss is attributed to reduced sales, profit margins, and impairments.

As Shenzhen Metro holds a 33% stake, its involvement is critical to Vanke’s recovery. However, analysts caution that Vanke’s troubles could undermine homebuyer confidence and tighten bank financing for the real estate sector.

Infrastructure Energy

09 Oct 2025

Shyam Metalics’ Agarwal Takes Charge as ICC President

Shyam Metalics, one of India’s leading integrated metal producers, announces that its Chairman and Managing Director, Brij Bhushan Agarwal, has been elected President of the Indian Chamber of Commerce (ICC). Agarwal assumes this role after serving as Senior Vice President, bringing decades of experience and a progressive vision for Indian industry.As ICC President, Agarwal aims to strengthen the Chamber as a platform supporting industry in sustainable growth, policy advocacy, technology adoption, and global competitiveness. His focus includes enabling businesses to embrace innovation, renewa..

Festive Quick Commerce Orders Set to Surge 120-140% YoY: ColdStar

ColdStar Logistics, India’s leading temperature-controlled supply chain solutions provider, anticipates a 120-140 per cent year-on-year surge in online orders this festive season. The spike is driven by stronger consumer sentiment following income tax cuts, GST rationalisation, and repo rate reductions.Categories such as packaged foods, frozen snacks, dairy, and beverages are expected to witness significant demand on quick commerce platforms, relying heavily on cold chain infrastructure to ensure timely and quality delivery.Sameer Varma, Executive Director, ColdStar Logistics, said, “With ..

Syensqo Expands Non-Fluorosurfactant FFKM Portfolio

Syensqo, a global leader in advanced performance materials and chemical solutions, has expanded its pioneering Non-Fluorosurfactant (NFS) perfluoroelastomer (FFKM) portfolio with new high-temperature grades. Engineered for extreme environments, these materials deliver exceptional sealing performance while supporting the industry’s shift toward more sustainable solutions.Syensqo’s latest NFS FFKM grades operate continuously at temperatures up to 320°C, exceeding the capabilities of conventional FFKMs. The newly developed curatives ensure unmatched purity and reliability at high temperature..