Analysts: Vanke's shares to rebound

The share price of China Vanke Co Ltd, the country's largest residential developer, will likely rebound after a technical correction given its strong business performance this year, analysts said on Monday.

The mainland-listed shares of Vanke tumbled by the 10 percent daily limit when trading was resumed on Monday after a six-month suspension.

The decline came after the battle for the control of the developer, among its major shareholders intensified as private insurer Baoneng Group, the largest shareholder of Vanke, threatened to remove all of its board members.