Shanghai-listed Poly Real Estate announced that its real estate project achieved a contracted amount of RMB 30.298 billion in August this year, an increase of 9.9% year-on-year
In the first eight months of this year, the contracted amount reached 309.959 billion yuan, an increase of 16.19% year-on-year.
Letai Group (00112) announced that the company and its chairman and executive director Yang Longfei, as well as the company’s wholly-owned subsidiary, Letai Commercial, were chased by a bank in the High Court last Friday (six-day) with a loan of RMB 1.54 billion
Etc., the loan is secured by the Group’s commercial property located in the Mainland. The company is exploring various options for repaying the loan, including disposing of some of the above-mentioned mortgage assets in a public auction to offset the debt.