Property News · December 7, 2017

Cofco’s Joy City steps up mall expansion plan in China with Singapore’s GIC and China Life


Joy City, the Hong Kong-listed commercial property arm of state-owned conglomerate Cofco, plans to leverage its funds to reach its new goal of operating 100 malls within 10 years, a highly ambitious target considering that it planned to own only 20 malls by 2020.
Zhou Zheng, chairman of Joy City Property, told the South China Morning Post on the sidelines of the company’s tenth anniversary celebrations that it would use its 11.4 billion yuan (US$1.73 billion) fund set up in August with…

Source : South China Morning Post
Read more…Cofco’s Joy City steps up mall expansion plan in China with Singapore’s GIC and China Life