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English > Industry > Industry-Breaking News>Poly Wins Final Approval for Share Placement

Poly Wins Final Approval for Share Placement

07-02 14:01 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-07-01/110191768.html

» Poly Real Estate Group Co. said it has received approval from the China Securities Regulatory Commission to issue as much as 8 billion yuan worth of new A-shares in a private placement.
» Poly said money raised in the placement would be used to fund eight property projects in major cities including Shanghai, Guangzhou and Tianjin.
» The new shares would account for no more than 20 percent of its total share issue.
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