Joy City Property Limited Announces Proposed Share Buy-Back via Scheme of Arrangement

Reuters07-31

Joy City Property Limited Announces Proposed Share Buy-Back via Scheme of Arrangement

Joy City Property Limited has announced a proposed share buy-back by way of a scheme of arrangement under Section 99 of the Companies Act. The buy-back will involve the cancellation of Scheme Shares, with Scheme Shareholders receiving a cash payment as the Cancellation Price. The transaction aims to increase the holding of Grandjoy Holdings Group and Achieve Bloom to 100% of the share capital. The proposal was put forward on 31 July 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Joy City Property Limited published the original content used to generate this news brief on July 31, 2025, and is solely responsible for the information contained therein.

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