Poly Property Expands China Merchants Financing as Major Transaction Under HK Rules

Poly Property Group Co ( (HK:0119) ) just unveiled an update.

Poly Property Group has arranged new intra-group financing through two loan agreements signed on March 9, 2026, involving its 51%-owned subsidiaries SZ Baozhuo and SZ Baojie, and borrowers Huizhou Baozhi and SZ China Merchants. The loans, totaling RMB850 million across both agreements, are structured in proportion to the borrowers’ equity interests in the lending entities.

While the portions lent to Huizhou Baozhi are not notifiable under Hong Kong’s Listing Rules, the tranches to SZ China Merchants must be aggregated with a series of prior loans to China Merchants entities, collectively constituting a major transaction. As shareholder approval for the earlier loans has already been obtained, the company is now only subject to reporting and announcement requirements, streamlining compliance while maintaining substantial financial support for its China Merchants partnerships.

The most recent analyst rating on (HK:0119) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Poly Property Group Co stock, see the HK:0119 Stock Forecast page.

More about Poly Property Group Co

Poly Property Group Co., Limited is a Hong Kong-incorporated real estate company engaged in property development and related investment activities. The group operates through various subsidiaries and joint ventures in mainland China, often partnering with other developers and investors to finance and develop property projects in key urban markets.

Average Trading Volume: 18,942,917

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.64B

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