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.

Gelonghui FinanceNov 18 04:55 ET

Express News | Joy City Property Ltd - Deal for RMB725.1 Mln

ReutersNov 18 04:51 ET

Express News | Joy City Property Ltd - Acquisition of Land Use Rights in Sanya, PRC

ReutersNov 18 04:51 ET

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