Slaughter and May Advises on Privatisation of Joy City Property Limited via Share Buy-back Scheme

"Slaughter and May Hong Kong advised CITIC Securities, the financial adviser to Joy City Property Limited, on a US$376 million share buy-back privatisation by way of a scheme of arrangement. The scheme was sanctioned by the Bermudan court and became effective on 25 November 2025; Joy City Property Limited was subsequently delisted from the Hong Kong Stock Exchange on 27 November 2025."

Slaughter and May Hong Kong advised CITIC Securities, acting as financial adviser to Joy City Property Limited, in connection with the company's share buy-back privatisation and subsequent delisting from the Hong Kong Stock Exchange. The transaction comprised a share buy-back privatisation of Joy City Property Limited by way of a scheme of arrangement, with an aggregate consideration of US$376 million. The scheme was sanctioned by the Bermudan court and became effective on 25 November 2025. Following effectiveness of the scheme, Joy City Property Limited was delisted from the Hong Kong Stock Exchange on 27 November 2025. Joy City Property Limited is a property developer and management company operating in Hong Kong and mainland China. Slaughter and May represented CITIC Securities with a team composed by: Clara Choi (Partner); Christine Yu (Counsel); Caroline Lin (Associate); Jason Hui (Associate); Joyce Chen (Trainee).

Slaughter and May Advises on Privatisation of Joy City Property Limited via Share Buy-back Scheme

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