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Poly Property Secures RMB 3.65 Billion Loan with Key Ownership Conditions

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Poly Property Secures RMB 3.65 Billion Loan with Key Ownership Conditions

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

Poly Property Group Co., Limited has entered into a facility agreement for a RMB 3.65 billion term loan with China Construction Bank and other financial institutions. This agreement includes conditions related to the ownership and management control by China Poly Group Corporation Limited, which could impact the loan’s terms if these conditions change. The company will continue to disclose related obligations in future reports, highlighting the importance of maintaining its current shareholder structure for financial stability.

More about Poly Property Group Co

Poly Property Group Co., Limited is a Hong Kong-based company involved in the real estate industry. It focuses on property development and investment, primarily within the Chinese market.

Average Trading Volume: 7,920,036

Technical Sentiment Signal: Buy

Current Market Cap: HK$6.08B

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

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