Brief: Joy City Property Says China Asset Management & Citic Submitted Application

Joy City Property

24/05/2024 14:51

May 24 (Reuters) - Joy City Property Ltd  0207.HK :
    * CHINA ASSET MANAGEMENT & CITIC SUBMITTED APPLICATION ON
LISTING
OF CONSUMER INFRASTRUCTURE REIT
    * APPLICATION SUBMITTED TO CSRC & SHENZHEN STOCK EXCHANGE
    * PROPOSED SPIN-OFF INVOLVES TRANSFER OF ENTIRE STAKE IN NEW
ZHUOYUAN PROPERTY (CHENGDU)
    * TRANSFER OF ENTIRE STAKE IN NEW ZHUOYUAN PROPERTY
(CHENGDU) TO
CONSUMER INFRASTRUCTURE REIT
    * ON COMPLETION OF PROPOSED SPIN-OFF, CO'S INDIRECT INTEREST
IN
CHENGDU JOY CITY TO BE REDUCED TO 40%


Further company coverage:  0207.HK 

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