A subsidiary of Poly Developments and a Shanghai state-owned enterprise have jointly invested to establish Shanghai Baohehui Enterprise Development Co., Ltd., with a registered capital of 2.5 billion yuan. Qichacha data shows that the new company's legal representative is Wu Jinsong, and its business scope includes corporate management, hotel management, commercial complex management services, engineering management services, non-residential real estate leasing, and property management. In terms of equity structure, the company is jointly held by Poly Developments' wholly-owned subsidiary Shanghai Poly City Development Co., Ltd. and Shanghai Huicheng Real Estate Management Co., Ltd.
Poly Real Estate Group Co LtdPoly Developments forms a new JV with Shanghai state capital, expanding its business scope and capital base.
