BUZZ-Poly Developments sinks to 11-year low as November contract sales fall ** Shares of Poly Developments and Holdings Group 600048.SS slip 2.3% to 6.36 yuan, their lowest level since November 2014 and on course for the second session of decline
** Stock set for the biggest one-day pct fall since November 18
** The China-based property developer said its November contract sales are down 24.9% y/y at 18 bln yuan ($2.55 bln)
** YTD, stock down 28%, CSI 300 Real Estate Index down 19.7%
($1 = 7.0692 Chinese yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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