Joy City Property Extends Loan to Subsidiary

Joy City Property Limited (HK:0207) has released an update.

Joy City Property Limited’s subsidiary, Chongqing Yuesheng, has extended an unsecured non-revolving loan to Poly (Chongqing) Investment for an additional six months, with the new maturity date set for February 21, 2025. The loan extension amount is RMB121,411,028.72, in line with the proportional equity interests held by its shareholders. This financial assistance is classified as a discloseable transaction according to the Listing Rules, which mandates reporting and announcement requirements.

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