Property developer China Vanke has revealed the company that attempted to oust its top management has purchased more shares in Vanke following the end of a six-month trading suspension for its Shenzhen-listed shares.

In a filing to the Hong Kong Stock Exchange late on Tuesday night, China’s second-largest real estate developer by sales said more than 75m of its A-shares, accounting for 0.682 per cent of its total share capital, had been purchased that day by Jushenghua, one of two companies controlled by Baoneng Group — the same privately-held insurer that quietly amassed a 24 per cent stake in Vanke last year.

Last month Vanke revealed that Baoneng was seeking to convene a shareholder meeting in an effort to oust Mr Wang and senior management. That effort came to naught, according to Vanke’s filing, which gives a tick-tock timeline of the attempt by Jushenghua and another Baoneng-controlled entity, Foresee Life Insurance, to convene an extraordinary general meeting of the developer’s board in order to remove all of the company’s directors.