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City Developments Ltd (CDEVY.PK)

CDEVY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

City Developments announces proposed disposal of shareholdings in Exchange Tower Ltd
Monday, 22 Aug 2016 05:39am EDT 

City Developments Ltd : Proposed disposal of shareholdings in Exchange Tower Ltd) . Says total sale consideration for the Venus shares of thb 4.8 billion . Disposal is not expected to have any material impact on earnings of co for the financial year ending 31 December . Venus Real Estate Investments Limited on 16 August 2016 entered into an agreement with, Sccp Reit Company .  Full Article

City Developments expects overseas projects to contribute to profit from H2
Wednesday, 10 Aug 2016 07:31pm EDT 

City Developments Ltd : Second quarter and/ or half yearly results) . Group's overseas development projects are expected to begin contributing to profit from 2h 2016 . "Will also continue to grow our funds management business" .  Full Article

City Developments reports qtrly net profit of S$133.8 million vs S$133.5 million
Wednesday, 10 Aug 2016 07:30pm EDT 

City Developments Ltd : Second quarter and/ or half yearly results . Qtrly net profit S$ 133.8 million versus S$133.5 million a year ago . Board of directors declared a tax-exempt (one-tier) special interim ordinary dividend of 4.0 cents per ordinary share . Qtly revenue S$1.09 billion versus S$824.9 million a year ago . "Global markets remain vulnerable and highly sensitive in the midst of multiple uncertainties" . "Domestically, the prevailing property cooling measures and a subdued economy also continue to weigh on market sentiment" . "Challenges have forced the group to recalibrate and evaluate its asset portfolio more intensively" .Group expects to remain profitable for the current year.  Full Article

City Developments releases statements on UK's referendum result
Friday, 24 Jun 2016 07:07am EDT 

City Developments Ltd : CDL statement on UK's European union (EU) referendum result . Continues to have confidence in the long-term fundamentals of the UK economy . "Group's exposure to the rest of Europe is not significant" .  Full Article

City Developments clarifies on media article regarding a potential project
Friday, 27 May 2016 05:20am EDT 

City Developments Ltd : Clarify that the potential project is one of several pps structures that the company is exploring and is at a very preliminary stage . Says refer to the abovementioned article which appeared on pages 1 and 2 of the business times edition of 27 may . No definitive agreements have been entered into and there is no assurance that this potential pps project will materialize in the near term .  Full Article

City Developments says quarterly net profit S$105.3 mln
Wednesday, 11 May 2016 06:24am EDT 

City Developments Ltd : First quarter results) . Qtrly net profit S$105.3 million versus S$123.0 million . Qtrly revenue S$723.3 million versus S$814.9 million . Says dividend of 1.94 cents per preference share . "Macroeconomic headwinds for both domestic and international markets continue to persist" . Says group anticipates its overseas development projects to begin contributing to its earnings in 2H 2016 . Group remains watchful of the Singapore residential property market and will respond with agility when market environment improves .  Full Article

City Developments appoints Sherman Kwek Eik Tse as Deputy CEO
Sunday, 10 Apr 2016 06:17pm EDT 

City Developments Ltd:Says Sherman Kwek Eik Tse has been appointed the Deputy Chief Executive Officer of the company.Yiong Yim Ming has been appointed Chief Financial Officer.  Full Article

City Developments Ltd accepted the resignation of Goh Ann Nee as Chief Financial Officer
Tuesday, 19 Jan 2016 04:07am EST 

City Developments Ltd:Says resignation of chief financial officer.Accepted the resignation of Goh Ann Nee as Chief Financial Officer.Says an external search for a successor CFO has commenced.Until a new CFO is appointed, Ms Yiong Yim Ming, currently Senior Vice President, Group Accounts (Subsidiaries and Joint Ventures), will handle the duties and responsibilities of the CFO's office.  Full Article

City Developments Ltd declares special interim dividend
Wednesday, 12 Aug 2015 07:31pm EDT 

City Developments Ltd:Declared a tax-exempt (one-tier) special interim ordinary dividend of 4.0 cents per share.  Full Article

City Developments Ltd establishment of S$1,000,000,000 multicurrency debt issuance programme
Monday, 18 May 2015 05:28am EDT 

City Developments Ltd:Says established a S$1,000,000,000 Multicurrency Debt Issuance Programme.Says In connection therewith, the Issuer has appointed DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited to act as arrangers and dealers of the Programme.  Full Article

SE Asia Stocks-Flat after U.S. Fed renews prospects of early rate hike

By Anusha Ravindranath May 18 Most Southeast Asian stock markets traded flat-to-slightly lower on Wednesday in line with the small drop in broader Asian shares, after U.S. Fed officials flagged prospects of a rate hike as early as June. Asian markets were lower, with MSCI's broadest index of Asia-Pacific shares outside Japan falling 0.5 percent in early trade. Singapore's Straits Times Index were down 0.4 percent at 0438 GMT, recovering partly from a 0.78 percent fall e