Joy City Property Confirms Hong Kong Stock Exchange Exit Following Court Approval of Share Buy-Back Scheme

Joy City Property Ltd has reportedly announced that its proposed share buy-back scheme has received complete sanction from the court, paving the way for the company to withdraw its listing from the Hong Kong Stock Exchange (HKEX). According to company sources, the delisting is scheduled to take effect on 27 November 2025.

The move reportedly follows earlier shareholder approval of the buy-back plan, which has been executed through a scheme of arrangement. Under this arrangement, remaining public shareholders' shares will be repurchased and subsequently cancelled. Following the completion of the buy-back process, the company's controlling shareholder is expected to hold nearly 100 percent of the equity, industry sources have indicated.

Implications for Investors and Company Operations

Public investors holding Joy City shares will reportedly have their holdings bought back under the scheme. Trading on the exchange will cease once the delisting takes effect, meaning shares will no longer be publicly available for trading. This development aligns with a broader trend observed in China's real estate sector, where several property firms have been opting to go private in recent months.

Industry analysts suggest that this wave of privatisation among Chinese property developers has been driven by multiple factors, including liquidity stress, regulatory tightening, and a desire for simpler governance structures. The move reflects the ongoing challenges faced by real estate companies navigating complex market conditions across Asian markets.

Strategic Benefits of Going Private

For Joy City Property, the delisting may reportedly offer greater operational flexibility. Freed from public-market scrutiny, the company might restructure its operations more quietly, manage debt obligations, or reposition its asset base without the pressure of quarterly results or stock-market volatility. Such moves have become increasingly common among developers seeking to address debt reduction and corporate restructuring challenges away from public market pressures.

The privatisation trend in China's property sector has been closely watched by global investors, particularly those with exposure to Asian real estate markets. While Indian property markets continue to demonstrate resilience with home sales defying economic headwinds, the challenges faced by Chinese developers highlight the varying dynamics across regional property markets.

Market observers note that the decision to go private could allow Joy City to focus on long-term strategic initiatives without the short-term performance expectations typically associated with publicly listed companies. This approach may provide the company with breathing room to navigate the current downturn in China's property sector and emerge with a stronger balance sheet.

Disclaimer: This news article is for informational purposes only. Readers are advised to conduct their own research and consult with qualified financial advisors before making any investment decisions. The information presented here should not be construed as financial or investment advice.