COFCO Property plans to buy control of HK’s Joy City for $2.4 billion

HONG KONG (Reuters) – Joy City Property Ltd (0207.HK) said on Monday COFCO Property Group Co Ltd (000031.SZ) would buy a controlling 64.18 percent stake in the company from Vibrant Oak Ltd for 14.76 billion yuan ($2.35 billion), as part of a reorganization …
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