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Date : 14 Sep, 2017 17:44
Source : Infocast

Market News Joy City Ppt (00207) unit wins Qingdao land at RMB1.264B

(Infocast News) Joy City Property (00207) announced that on 14 September
2017, Delight Joint (an indirect non-wholly-owned subsidiary of Joy City
Property) was notified by the direct subordinate unit of the Land Resources and
Building Management Bureau of Qingdao that it had successfully bid for the land
use rights of a parcel of land in Qingdao offered for sale by the Land Resources
and Building Management Bureau of Qingdao at an auction for RMB1.264 billion.

The Land Use Rights Grant Contract in relation to the acquisition is expected to
be entered into on or before 30 September 2017.

For commercial and residential purposes, the land has a total site area of
62,000 square metres and total planned gross floor area of 159,000 square
metres.

(WL)

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