Group 1 - The company plans to privatize its subsidiary, Joy City Property Limited, through a share buyback agreement and apply for delisting from the Hong Kong Stock Exchange [2][3] - The buyback will involve the cancellation of 4,729,765,214 shares at a price of HKD 0.62 per share, totaling approximately HKD 2,932,454,433 [2][7] - The company currently holds about 64.18% of Joy City Property's ordinary shares and aims to enhance its governance and operational efficiency through this transaction [2][9] Group 2 - Joy City Property was established in 1992 and listed in 2013, with a total issued share capital of 15,326,425,636 shares, including 14,231,124,858 ordinary shares and 1,095,300,778 preferred shares [6] - The company operates urban complexes under the "Joy City" brand and has expanded into key cities across China, managing 32 commercial projects and several luxury hotels [6][9] - The transaction is expected to improve the company's net profit and enhance its ability to allocate resources effectively across different business segments [9]
大悦城控股集团股份有限公司 关于控股子公司大悦城地产有限公司以协议安排的方式回购股份并于香港联交所申请撤销上市地位的公告