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Poly Real Estate Group Co Ltd (600048.SS)

600048.SS on Shanghai Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Poly Real Estate Group to buy 15 pct stake in capital management firm at 15.0 mln yuan
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS> ::Says co plans to buy 15 percent stake in a capital management firm at 15.0 million yuan, raising stake in it to 45 percent from 30 percent after transaction.  Full Article

Poly Real Estate to buy 50 pct stake in controlling shareholder's Hong Kong holding unit
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS>::SAYS IT PLANS TO BUY 50 PERCENT STAKE IN CONTROLLING SHAREHOLDER'S HONG KONG HOLDING UNIT FOR 2.4 BILLION YUAN ($362.75 million) BY CASH.  Full Article

Poly Real Estate Group issues 2.5 bln yuan mid-term bills
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS> ::Says it issued 2017 2nd tranche mid-term bills worth 2.5 billion yuan, with coupon rate of 5.4 percent .  Full Article

Poly Real Estate's contract sales up in Oct and Jan-Oct, wins land sites for 17.1 bln yuan
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS>:Says Oct contract sales up 84.5 percent y/y at 29.7 billion yuan ($4.48 billion).Says Jan-Oct contract sales up 37.0 percent y/y at 237.9 billion yuan.Says it has won land sites for a combined 17.1 billion yuan.  Full Article

Poly Real Estate's 9-month net profit up 16.3 pct y/y
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS>:Says 9-month net profit up 16.3 percent y/y.  Full Article

Poly Real Estate Group issues 2017 1st tranche mid-term bills worth 2.5 bln yuan
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS> ::Says it completed issuance of 2017 1st tranche mid-term bills worth 2.5 billion yuan .  Full Article

Poly Real Estate Group's vice general manager resigns due to personal reasons
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS>:Says vice general manager Yu Ying resigns due to personal reasons.  Full Article

Poly Real Estate's contract sales up in Sept and Jan-Sept, clinches Australia project
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Poly Real Estate Group Co Ltd <600048.SS>:Says Sept contract sales up 9.2 percent y/y at 22.0 billion yuan ($3.34 billion), Jan-Sept contract sales up 32.2 percent y/y at 208.2 billion yuan.Says it has obtained 20 domestic property projects, one in Australia for A$49.7 million ($38.66 million).  Full Article

AVIC Real Estate completes sale of property assets to Poly Real Estate Group
Wednesday, 15 Feb 2017 

AVIC Real Estate Co Ltd <000043.SZ> :Says co completes sale of property assets to Poly Real Estate Group Co Ltd.  Full Article

Poly Real Estate's general manager resigns due to change in job role
Tuesday, 13 Dec 2016 

Poly Real Estate Group Co Ltd <600048.SS> :Says Zhu Mingxin resigns as general manager due to change in job role, to be replaced by Liu Ping.  Full Article

Fitch Affirms Poly Real Estate at 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, December 14 (Fitch) Fitch Ratings has affirmed China-based Poly Real Estate Group Company Limited's Long-Term Foreign-Currency Issuer Default Rating (IDR) and its foreign-currency senior unsecured rating at 'BBB+'. The Outlook is Stable. Poly's ratings benefit from a one-notch uplift due to the moderate linkages with its parent, state-owned China Poly Group Corporation (China Poly), in line with Fitch's Parent and Su