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Poly (600048.SH) nodded to raise RMB10 bln via private placement

BEIJING
2015-12-17 10:54

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Poly Real Estate Group Co., Ltd (600048.SH) announced on Thursday that its application to issue A-shares via a private placement had been approved by the China Securities Regulatory Commission (CSRC).

The Shanghai-listed company plans to raise no more than 10 billion yuan via the private placement, and the proceeds would be invested in 11 property projects.

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