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Poly Real Estate Group Co Ltd (600048.SS)

600048.SS on Shanghai Stock Exchange

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Sun, Jan 14 2018

BRIEF-Poly Real Estate's 2017 Preliminary Net Profit, Contract Sales Up

* SAYS ITS 2017 PRELIMINARY NET PROFIT UP 26.3 PERCENT Y/Y AT 15.7 BILLION YUAN

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

BRIEF-Poly Real Estate Group's Nov contract sales up 137.4 pct y/y

* SAYS NOV CONTRACT SALES UP 137.4 PERCENT Y/Y AT 36.4 BILLION YUAN ($5.50 billion) Source text in Chinese: http://bit.ly/2B6cdyf Further company coverage: ($1 = 6.6135 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-Poly Real Estate Group to buy 15 pct stake in capital management firm at 15.0 mln yuan

* 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

BRIEF-Poly Real Estate to buy 50 pct stake in controlling shareholder's Hong Kong holding unit

* 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 Source text in Chinese: http://bit.ly/2AlqROT Further company coverage: ($1 = 6.6161 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

BRIEF-Poly Real Estate Group issues 2.5 bln yuan mid-term bills

* Says it issued 2017 2nd tranche mid-term bills worth 2.5 billion yuan, with coupon rate of 5.4 percent

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

* Says Oct contract sales up 84.5 percent y/y at 29.7 billion yuan ($4.48 billion)

BRIEF-Poly Real Estate's 9-month net profit up 16.3 pct y/y

Oct 26 Poly Real Estate Group Co Ltd * Says 9-month net profit up 16.3 percent y/y Source text in Chinese: http://bit.ly/2haRVrN Further company coverage: (Reporting by Hong Kong newsroom)

BRIEF-Poly Real Estate Group issues 2017 1st tranche mid-term bills worth 2.5 bln yuan

* Says it completed issuance of 2017 1st tranche mid-term bills worth 2.5 billion yuan

BRIEF-Poly Real Estate Group's vice general manager resigns due to personal reasons

* Says vice general manager Yu Ying resigns due to personal reasons

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