Joy City Property Limited (Stock Code: 207) has released a scheme document dated 24 October 2025 regarding a proposed share buy-back by way of a scheme of arrangement under Section 99 of the Companies Act, alongside a plan to withdraw its listing from the Stock Exchange. The announcement states that the independent financial adviser to the disinterested shareholders deems the terms of the proposal to be fair and reasonable, encouraging a vote in favor at the upcoming meeting.

According to the announcement, the Court Meeting is set for 17 November 2025 at Renaissance Harbour View Hotel Hong Kong. The register of members will be closed from 12 November 2025 to 17 November 2025 for determining shareholders’ eligibility to vote. Shareholders who wish to be entitled to vote must lodge all relevant transfer documents before 4:30 p.m. on 11 November 2025.

If the proposal and scheme proceed, the effective date is expected to fall on 25 November 2025 (Bermuda time), with the withdrawal of listing targeted for 27 November 2025 at 4:00 p.m. Subject to meeting all conditions by the Long Stop Date, the scheme, once effective, will bind the company and all scheme shareholders. The announcement emphasizes that the proposal’s implementation depends on all conditions being fulfilled or waived, and investors are urged to exercise caution when dealing in the company’s securities.