Joy City Property Acquires Chengdu Land Use Rights for RMB2.65 Billion

Reuters11-19

Joy City Property Limited announced the acquisition of land use rights in Chengdu, China, through a public auction for a consideration of RMB2,650,212,983. The transaction qualifies as a major asset acquisition under Hong Kong Listing Rules and is subject to reporting and announcement requirements, but is exempt from shareholders' approval.

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 November 19, 2025, and is solely responsible for the information contained therein.

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