Joy City Property Limited has announced a proposed share buy-back by way of a scheme of arrangement under Section 99 of the Companies Act. The buy-back will involve the cancellation of Scheme Shares, with Scheme Shareholders receiving a cash payment as the Cancellation Price. The transaction aims to increase the holding of Grandjoy Holdings Group and Achieve Bloom to 100% of the share capital. The proposal was put forward on 31 July 2025.
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