BRIEF-China Vanke Co announces consolidation of commercial properties

March 17 (Reuters) - China Vanke Co Ltd

* Consolidation Of Commercial Properties

* Resolution regarding consolidation arrangement of

commercial properties of group submitted to board on 11 March

2017 was approved by all directors

* Group proposes to form investment funds

* Total capital contribution group is expected to contribute

to investment funds amounts to rmb5.1 billion

* Upon formation of investment funds, group proposes to

enter into asset transfer framework agreement with SPV

* Consideration of disposal of assets is expected to be in

range of rmb8.60 billion to rmb9.0 billion

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