Poly Developments And Holdings Group Co.Ltd(600048) it is proposed to apply for the issuance of 10 billion yuan ordinary medium ticket and adjust the organization of the company

On December 28, Poly Developments And Holdings Group Co.Ltd(600048) (600048. SH) announced that the board of directors of the company considered and adopted the proposal on the adjustment of the company's organizational structure by a unanimous vote. It is agreed to adjust the organizational structure of Poly Developments And Holdings Group Co.Ltd(600048) and the adjusted settings are: Board office, comprehensive management center, strategic investment center, real estate management center, industrial management center, product R & D center, financial center, data sharing center, risk management center, human resources center, party masses office, discipline inspection and supervision office and Party committee patrol office.

In addition, the board of directors deliberated and approved the proposal on registering RMB 10 billion medium-term notes by unanimous vote, and agreed Poly Developments And Holdings Group Co.Ltd(600048) to apply to the inter-bank Trading Association for registration and issuance of RMB 10 billion ordinary medium-term notes.

On November 30, Poly Developments And Holdings Group Co.Ltd(600048) announced that the company plans to issue asset-backed securitization products for rental housing, with an issuance scale of no more than 10 billion yuan; The company intends to directly or indirectly subscribe for sub-prime asset-backed securitization products, and the subscription proportion shall not exceed 10% of the scale of asset-backed securitization products.

Specifically, Poly Developments And Holdings Group Co.Ltd(600048) this time, Guangzhou Tianyue elderly care apartment, Changsha Lugu Linyu, Changsha Poly International Plaza, Chongqing linyuxi, Shenyang Xihu Linyu, Tianjin metropolis, Shanwei Jinting Bay, Chengdu 198 Lafayette and other projects are preliminarily selected as the initial asset targets, and the initial issuance scale is about 1 billion yuan (determined according to the issuance). Among them, the issuance scale of priority asset-backed securitization products accounts for 90%, and the issuance scale of sub asset-backed securitization products accounts for 10%. The company directly or indirectly subscribes for sub asset-backed securitization products, and can sell its sub asset-backed securitization products according to market conditions, and the final holding ratio shall not exceed 10% of the scale of asset-backed securitization products. The term of asset-backed securitization products is 2n + 1 years, with a maximum of 19 years.

This is the third bond to be issued by Poly Developments And Holdings Group Co.Ltd(600048) in November.

On November 11, Poly Developments And Holdings Group Co.Ltd(600048) announced the issuance of 2 billion yuan of medium-term notes in the inter-bank market. According to the issuance plan, Poly Developments And Holdings Group Co.Ltd(600048) Holding Group Co., Ltd. issued RMB 2 billion in the current period, and the term of debt financing instruments is 5 years. On November 22, Poly Developments And Holdings Group Co.Ltd(600048) announced that the company would issue corporate bonds of no more than 9.8 billion yuan with a term of no more than 10 years (including 10 years).

According to the third quarterly report of Poly Developments And Holdings Group Co.Ltd(600048) , as of September 30, 2021, the total operating revenue of the company was about 138.4 billion yuan, the total operating cost was 115.9 billion yuan, the operating profit was 24.89 billion yuan, the net profit was 19.415 billion yuan, and the net profit attributable to the parent company was 13.583 billion yuan. Monetary capital is about 132.1 billion yuan, a decrease of about 13.898 billion yuan compared with the end of 2020; Current assets are 1.26 trillion yuan, with total assets of 1399.8 billion yuan. In terms of liabilities, the short-term borrowings of Poly Developments And Holdings Group Co.Ltd(600048) are about RMB 4.998 billion, and the non current liabilities due within one year are about RMB 52.011 billion. In addition, as of the end of October, Poly Developments And Holdings Group Co.Ltd(600048) the signed amount in the first 10 months of this year was 460204 million yuan, a year-on-year increase of 8.86%; The contracted area was 28.6168 million square meters, a year-on-year increase of 0.18%.

As of the closing on December 28, Poly Developments And Holdings Group Co.Ltd(600048) was reported at 15.2 yuan / share, down 0.59%.

(surging News)

 

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