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The latest announcement is out from Joy City Property Limited ( (HK:0207) ).
Joy City Property Limited, through its subsidiary Sanya Zhenyue, has successfully acquired land use rights in Sanya City, Hainan Province, China, for RMB784,100,000. This acquisition is intended for future residential development and marks a significant strategic investment for the company. The transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, requiring reporting and announcement but not shareholder approval. This move is expected to enhance the company’s portfolio and strengthen its market position in the Chinese real estate sector.
More about Joy City Property Limited
Joy City Property Limited is a company incorporated in Bermuda with limited liability, primarily engaged in property development and investment. The company focuses on acquiring and developing land for residential and commercial use, particularly in strategic locations within China.
Average Trading Volume: 40,316,767
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.97B
For a thorough assessment of 0207 stock, go to TipRanks’ Stock Analysis page.