Poly Developments plans major bond issuance, sets shareholder meeting

Poly Developments and Holdings Group Co., Ltd. announced a proposal to issue corporate bonds not exceeding 150 billion yuan to professional investors. The bonds will have a maximum tenor of 10 years and will be used to repay interest-bearing debt, supplement working capital, and fund project development and property acquisitions. The company’s board has confirmed its eligibility for this issuance, citing robust financial standing.

Concurrently, the company will hold its Fourth Extraordinary General Meeting of 2025 on October 9, 2025, to approve the bond issuance and related authorizations for the board and management. Shareholders can participate via both physical attendance in Guangzhou and online voting through the Shanghai Stock Exchange network.

The company's financial data as of June 30, 2025, shows a strong asset structure, with total assets of 130,548,854.18 yuan and a decreasing asset-liability ratio, reflecting improved financial health. Recent financials indicate steady operating revenue and diversified financing channels.