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Poly Property Group Secures Approval for RMB 7 Billion Medium-Term Notes

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Poly Property Group Secures Approval for RMB 7 Billion Medium-Term Notes

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Poly Property Group Co ( (HK:0119) ) has issued an update.

Poly Property Group Co., Limited announced that its wholly-owned subsidiary, Shanghai Poly Property, has received approval from the National Association of Financial Market Institutional Investors to issue medium-term notes in China, with a registered amount of RMB 7 billion. This approval allows the subsidiary to issue the notes in tranches over a two-year period, potentially enhancing the company’s financial flexibility and market positioning.

More about Poly Property Group Co

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

YTD Price Performance: -5.19%

Average Trading Volume: 7,603,915

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.58B

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

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