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Poly Property Group’s Subsidiary Gains Approval for Significant Bond Issue

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Poly Property Group’s Subsidiary Gains Approval for Significant Bond Issue

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Poly Property Group Co ( (HK:0119) ) has shared an announcement.

Poly Property Group Co., Limited announced that its wholly-owned subsidiary, Shanghai Poly Property, has received approval from the China Securities Regulatory Commission to issue domestic corporate bonds worth up to RMB7 billion to professional investors. This move is expected to enhance the company’s financial flexibility and potentially strengthen its market position, providing opportunities for growth and investment within the next 24 months.

More about Poly Property Group Co

Poly Property Group Co., Limited is a company incorporated in Hong Kong with limited liability, operating within the real estate industry. It primarily focuses on property development and management in the People’s Republic of China.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $750.6M

See more data about 0119 stock on TipRanks’ Stock Analysis page.

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