Vanke says to invest $435 mln in a China property agency

HONG KONG, April 20 (Reuters) - China Vanke

said it has agreed to acquire a stake in leading

Chinese real estate agency Lianjia worth 3 billion yuan ($435.44

million) via private placement.

"Vanke is optimistic about Lianjia's development," Vanke

told Reuters in a statement on Thursday.

($1 = 6.8896 Chinese yuan renminbi)

(Reporting by Clare Jim; Editing by Joseph Radford)