January 31, 2020 / 3:28 AM / 20 days ago

China Vanke offers to halve rents for south China tenants amid virus outbreak

BEIJING (Reuters) - Property developer China Vanke said on Friday that it will halve rents for commercial tenants in over 50 projects based in southern China between Feb. 1 to 29, amid a coronavirus outbreak in the country.

The company made the announcement in a statement published on one of its official WeChat accounts.

Reporting by Lusha Zhang and Brenda Goh; Editing by Christian Schmollinger

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