Poly Development and others established a real estate development company in Taiyuan.

According to the Qichacha APP, it shows that recently, Taiyuan Changyue Real Estate Development Co., Ltd. has been established, with Zhang Lei as the legal representative and a registered capital of 300 million yuan. Its business scope includes property management, non-residential real estate leasing, and real estate development. The equity penetration of Qichacha shows that the company is jointly held by Poly Development Limited Company, a wholly-owned subsidiary of Poly Development, and Taiyuan Jiayuan Real Estate Development Co., Ltd.