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Joy City Property Warns of 2024 Loss
Express News | Joy City Property - Expected Result Due to Decrease in Share of Profit of Associates & Joint Ventures for Year, Others
Express News | Joy City Property Ltd Sees Loss Attributable RMB240 Mln to RMB340 Mln for Year
JOY CITY PPT: PROFIT WARNING
JOY CITY PPT (00207.HK): Director Bao Yun has been appointed as a non-executive director.
Glory Holdings announced on December 20 that JOY CITY PPT (00207.HK) has appointed Dong Baoyun as a non-executive Director, effective from December 20, 2024.
Joy City PPT subsidiary plans to acquire the land use rights in Sanya, China for 0.725 billion yuan.
Glory Times reported on November 18th that Joy City PPT (00207.HK) announced that on November 18, 2024, Sanya Yuelu (an indirectly non-wholly owned subsidiary of the company) successfully bid for the land use rights of the land parcel offered by the Natural Resources and Planning Bureau through online public listing with a bid of 0.725 billion yuan. The transaction confirmation related to the acquisition was obtained on the same day, and the land use rights transfer contract related to the acquisition is expected to be signed on or before December 2, 2024. Sanya Yuelu has paid a bid deposit of 0.4345 billion yuan. Sanya Yuelu will hold the equity of the land parcel after the completion of the acquisition.
The Five-year Loss for Joy City Property (HKG:207) Shareholders Likely Driven by Its Shrinking Earnings