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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Poly Real Estate Group    600048   CNE000001ND1

POLY REAL ESTATE GROUP (600048)
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Hopefluent : Poly Real Est to develop real estate agency biz

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05/10/2018 | 10:49am CEST

[ET Net News Agency, 10 May 2018] Hopefluent Group Holdings (00733) said it entered

into a cooperation reorganisation agreement with Poly Real Estate Group Co., Ltd. in

relation to the real estate agency business cooperation between the parties.

Hopefluent (China) Real Estate Consultancy Co., Ltd., an indirectly wholly-owned

subsidiary of Hopefluent, agreed to acquire Poly Real Estate Investment Consultancy Co.,

Ltd. and its 4 companies in consideration for the issue by Hopefluent China of 43.9% of

its entire equity interests to Poly Real Estate.

Hopefluent also agreed to place 36 million new shares to Poly Real Estate at HK$4.2

apiece, representing a premium of about 21.74% to the closing price of HK$3.45. The new

shares represent around 5.11% of the enlarged issued share capital of Hopefluent. The net

proceeds of about HK$146 million will be used as to HK$100 million for future development

of the primary and secondary real estate agency businesses and about HK$46 million for

general working capital of the Group.

Upon completion, Poly Real Estate will own 43.9% of the entire equity interests in

Hopefluent China, and thereby will become a connected person of Hopefluent.

Each of Hopefluent and Poly Real Estate will undergo a corporate reorganisation within

its group of companies whereby the Hopefluent China Group will be formed with Hopefluent

China being the holding company holding 95 companies all of which are engaged in the

provision of primary and secondary real estate agency services or related services, and

the Poly Consultancy Group will be formed with Poly Consultancy being the holding company

holding 4 companies all of which are engaged in the provision of primary and secondary

real estate agency services or related services.

The shares of Poly Real Estate are listed on the Shanghai Stock Exchange (stock code:

600048).

Trading in shares of Hopefluent will be resumed today. (HL)

(c) 2018 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CNY)
Sales 2018 189 B
EBIT 2018 35 819 M
Net income 2018 20 074 M
Debt 2018 118 B
Yield 2018 4,23%
P/E ratio 2018 6,49
P/E ratio 2019 5,25
EV / Sales 2018 1,31x
EV / Sales 2019 0,99x
Capitalization 129 B
Chart POLY REAL ESTATE GROUP
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Poly Real Estate Group Technical Analysis Chart | 600048 | CNE000001ND1 | 4-Traders
Technical analysis trends POLY REAL ESTATE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 16,8  CNY
Spread / Average Target 54%
EPS Revisions
Managers
NameTitle
Ping Liu General Manager & Director
Guang Ju Song Chairman
Jun Fu Chairman-Supervisory Board
Dong Li Zhou Chief Financial Officer
Zhen Gao Zhang Director
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