Slaughter and May is advising on the privatisation of Joy City Property Limited through a share buy-back by way of a scheme of arrangement
Slaughter and May Hong Kong is advising CITIC Securities as financial adviser on the proposed share buyback by Joy City Property Limited by way of a scheme of arrangement and subsequent delisting from the Hong Kong Stock Exchange. The US$376 million share buyback privatisation scheme was announced on 31 July 2025 and is subject to shareholder approval and sanction by the Bermudan court.
Joy City Property is a property developer and management company in Hong Kong and mainland China. Its current controlling shareholder is COFCO, a Chinese state-owned enterprise.