PDH(SH:600048) Xin Lang Cai Jing·2026-01-27 12:30Core Viewpoint - Poly Developments and Holdings Group Co., Ltd. has approved the proposal to initiate the application and issuance of commercial real estate REITs to enhance its operational capabilities and optimize its capital structure in response to regulatory calls [2][4]. Group 1: Company Actions - The company plans to use its commercial real estate projects as underlying assets for the issuance of commercial real estate investment trusts (REITs) [2][4]. - The selected projects for the REITs issuance include the Guangzhou Poly Center and the Foshan Poly Water City, both held by the company's wholly-owned subsidiaries [5]. Group 2: Regulatory Context - The initiative aligns with the announcements from the China Securities Regulatory Commission regarding the pilot launch of commercial real estate investment trusts and the promotion of high-quality development in the REITs market [2][4]. - The issuance of these commercial real estate REITs does not constitute a related party transaction or a significant asset restructuring as defined by the relevant regulations [4].