An application by Poly Property's (HKG:0119) unit Poly Property Group for the proposed issue of up to 7 billion yuan of bonds has been approved by China Securities Regulatory Commission, a Thursday Hong Kong bourse filing said.
The domestic corporate bonds are intended to be issued to professional investors in multiple tranches within 24 months of approval.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.