From mid-2015 to 2017, Vanke, one of China’s largest real estate developers, became embroiled in a drawn-out hostile takeover bid. The battle started when a relatively unknown Chinese activist investor, the Baoneng Group, quietly began to buy up shares of this star performer. By late 2015, Baoneng emerged as Vanke’s largest shareholder. Vanke’s major rival,
Source: Knowledge @ Wharton

Vanke: Fending Off a Hostile Takeover