FINWIRES · TerminalLIVE
FINWIRES

Poly Developments' Logs 3.15% Sales Drop in May, Adds Six New Land Plots

By

Poly Developments and Holdings' (SHA:600048) May contracted sales declined 3.15% year on year to 27.6 billion yuan, according to a Friday filing with the Shanghai bourse.

The real estate company's contracted area declined 4.3% to 1.2 million square meters.

The company also secured six residential parcels across Beijing, Shanghai, Hefei and Zhengzhou, with total payable consideration at 7.7 billion yuan, according to a separate filing.

Poly Developments and Holdings holds 100% stakes in four projects, with stakes of 83% and 70% in two Zhengzhou sites.

Shares of the company were down 1% in recent trade.

Related Articles

Asia

Kim Forest Enterprise Wins NT$110 Million Genome Sequencing Kit Supply Deal

Kim Forest Enterprise (TPE:6645) won a tender to supply whole genome sequencing assay kits to a national hospital in Taiwan under a contract worth NT$110 million, according to a Wednesday Taiwan Exchange filing.Shares slid about 2% in Thursday's late morning trade.The contract runs from June 10, 2026, to Dec. 31, 2028.Kim Forest said the deal is expected to expand its business operations and boost revenue.

$TPE:6645
Asia

Beijing Balance Medical Tech to Buy Back Up to 100 Million Yuan Worth of Shares

Beijing Balance Medical Technology (SHA:688198) plans to repurchase shares worth between 50 million yuan and 100 million yuan, according to a Shanghai bourse filing on Thursday.The company will buy back between 359,583 shares and 719,165 shares, which represents 0.26% to 0.52% of the company's total shares, within 12 months after the approval of the board of directors.The maximum repurchase price will be 139.05 yuan per share.The repurchased shares will be used for the company's employee stock ownership plan or equity incentives.The medical device manufacturer's shares rose 1% during the morning trade.

$SHA:688198
Asia

MediaTek's Sales Edge Up in April; Shares Drop 3%

MediaTek (TPE:2454) booked consolidated net sales of NT$47.4 billion in May, up 1.5% from NT$46.7 billion in April, according to a Wednesday Taiwan Exchange filing.Shares slid about 3% in Thursday's late morning trade.MediaTek did not provide further details in the filing.

$TPE:2454