July 3 (NBD) -- China Vanke Co., Ltd. ("Vanke", 000002.SZ)'s shareholder Hexie Health Insurance entered into an equity transfer agreement on June 29, 2018 to sell around 111 million shares in the listed company to Anbang Life Insurance, the Chinese leading property developer announced Tuesday.

Upon the completion of the deal, Hexie Health Insurance will cease to be a shareholder of Vanke, while Anbang Life Insurance and persons acting in concert will hold a 6.73 percent stake in total in the real estate developer.

Email: gaohan@nbd.com.cn