trending Market Intelligence /marketintelligence/en/news-insights/trending/kL9SUcNWiU84OXVBpPJcjA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Joy City expects to reap 9.29B Chinese yuan from stake sale in 3 units

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Joy City expects to reap 9.29B Chinese yuan from stake sale in 3 units

said thatit commenced an open tender process to divest a 49% stake in threesubsidiaries.

Thecompany is expecting at least 9.29 billion Chinese yuan from the sale, accordingto a news release.

Thesubsidiaries are Fortune Set Ltd., Sunny Ease Ltd. and Vivid Star Ltd. Thecompanies are all involved in "a number" of mixed-use propertyprojects across China.

JoyCity will retain the 51% stake in the companies and continue to manage theoperation or development of the projects held by the subsidiaries. The planneddisposal is part of the company's development strategy to combine its assetmanagement, capital operations and brand export businesses.

Proceedsfrom the sale will be used to develop Joy City's commercial property business,for general working capital and to repay existing debt.

Thereis no guarantee that the divestment will move forward, and the company's boardnoted that it has not signed a binding agreement with any party for the stake.

As of July 15,US$1 was equivalent to 6.69 Chinese yuan.