JOY CITY PPT (00207) announced that SOMERLEY CAP Limited, a licensed corporation authorized to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance, has been appointed by the company as an independent financial advisor. The appointment is made in accordance with Rule 2.1 of the Takeovers Code to provide advice to disinterested shareholders on (a) whether the terms of the proposal and scheme are fair and reasonable; and (b) whether to vote in favor of the scheme at the court meeting.
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