Poly Developments and Holdings Group Co., Ltd.: Update following H1 2019 results
Our credit view of Poly Developments, reflecting its large and diversified operations and state-owned enterprise status, as well as moderately high leverage because of its fast growth plan.Poly Real Estate Group is engaged in the real estate development; leasing of Co.'s developed commodity housing; the design of housing engineering; old building relocation; road and earthwork construction; interior renovation; the installation of air-conditioning project and management; property and hotel management; and trading of wholesale and retail. Through its subsidiaries, Co. is also engaged in the community intellectualization of integrated system engineering; club management; construction supervision; the provision of commercial consultation services; field management; and the sale and agent of real estate.
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