Joy City acquires a site in Qingdao with GIC for RMB1.26bn    Joy City (0207.HK) announced that the company has jointly acquired a site inQingdao with planned GFA of 159k sqm with GIC (owning 7.15% of Joy City’sshares). The total consideration is RMB1.26bn, (RMB1.35bn including tax andfees). A 51-49JV between Joy City and GIC will be formed for the projectdevelopment. The site is used for commercial and residential use. 51% of theconsideration will be paid by Joy City using internal resources. (HKEx)    Agile proposes to spin-off its property services business    Agile (3383.HK) announced that it has submitted the listing application form(Form A1) to HKSE for the spin-off and listing of A-Living, a subsidiary thatprincipally engages in property management, property sales, propertyinspection, advertising and tourism services. Agile holds 72% of A-Livingcurrently and intends to own not less than 50% after listing so that A-Living willremain as a subsidiary of Agile. Further details are yet to be announced. (HKEx)

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