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Joy City Property’s Court-Sanctioned Share Buy-Back and Listing Withdrawal

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Joy City Property’s Court-Sanctioned Share Buy-Back and Listing Withdrawal

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Joy City Property Limited ( (HK:0207) ) just unveiled an announcement.

Joy City Property Limited announced that the proposed share buy-back via a scheme of arrangement has been sanctioned by the Court, with the scheme expected to become effective following the fulfillment of certain conditions. This development will lead to the withdrawal of the company’s listing, impacting its market presence and operations, and potentially affecting stakeholders involved.

The most recent analyst rating on (HK:0207) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Joy City Property Limited stock, see the HK:0207 Stock Forecast page.

More about Joy City Property Limited

Joy City Property Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the real estate industry. The company focuses on property development and management, with a market presence in Hong Kong.

YTD Price Performance: 199.52%

Average Trading Volume: 36,766,864

Technical Sentiment Signal: Buy

Current Market Cap: HK$8.82B

For detailed information about 0207 stock, go to TipRanks’ Stock Analysis page.

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