Edition:
United States

City Developments Ltd (CTDM.SI)

CTDM.SI on Stock Exchange of Singapore

12.66SGD
20 Apr 2018
Change (% chg)

$-0.19 (-1.48%)
Prev Close
$12.85
Open
$12.78
Day's High
$12.79
Day's Low
$12.62
Volume
1,438,100
Avg. Vol
1,750,268
52-wk High
$13.60
52-wk Low
$10.09

Latest Key Developments (Source: Significant Developments)

City Developments Updates On award Of Sumang Walk Poperty
Thursday, 8 Mar 2018 04:55am EST 

March 8 (Reuters) - City Developments Ltd ::‍UNIT & TID RESIDENTIAL PTE ENTER MEMORANDUM OF GENERAL AGREEMENT TO BUY & DEVELOP LAND IN SINGAPORE AT TENDER PRICE OF S$509.4 MILLION.‍INTEREST HOLDINGS OF CDL CONSTELLATION AND TIDR IN SUMANG WALK PROPERTY PROJECT ARE 60% AND 40% RESPECTIVELY​.  Full Article

City Developments Targets Assets Under Management Of US$5 Bln By 2023
Tuesday, 27 Feb 2018 07:31pm EST 

Feb 28 (Reuters) - City Developments Ltd ::TARGETS ASSETS UNDER MANAGEMENT OF US$5 BILLION BY 2023.AIMS TO LAUNCH SERIES OF CLOSE-ENDED, CO-MINGLED FUNDS FOCUSING ON REAL ESTATE INVESTMENTS IN ASIA PACIFIC BY 2019.  Full Article

City Developments Says Q4 Net Profit Attributable S$186.7 Mln
Tuesday, 27 Feb 2018 07:12pm EST 

Feb 28 (Reuters) - City Developments Ltd ::Q4 REVENUE S$1.33 BILLION VERSUS S$1.17 BILLION.QTRLY NET PROFIT ATTRIBUTABLE S$186.7 MILLION VERSUS S$243.8 MILLION.‍FINAL ORDINARY DIVIDEND OF 8.0 CENTS PER SHARE, RECOMMENDS A SPECIAL FINAL ORDINARY DIVIDEND OF 6.0 CENTS PER SHARE​.  Full Article

MSD Partners Writes to Independent Directors on Millennium & Copthorne Hotels deal
Thursday, 14 Dec 2017 08:08am EST 

Dec 14 (Reuters) - MSD Partners LP::MSD PARTNERS LP SAYS ‍LETTER WAS PROVIDED BY SHAREHOLDERS IN MILLENNIUM & COPTHORNE HOTELS PLC TO INDEPENDENT COMMITTEE OF BOARD OF DIRECTORS​."WE WILL NOT TENDER OUR SHARES INTO THIS UNATTRACTIVE OFFER AT ANY TIME TO HELP CDL REACH ACCEPTANCE THRESHOLD OF ITS OFFER".MSD PARTNERS LP SAYS ‍CURRENT OFFER, WHICH IS A FINAL OFFER, FROM CDL "REMAINS HIGHLY OPPORTUNISTIC AND SIGNIFICANTLY UNDERVALUES M&C​".LETTER RAISES CONCERN OVER "INADEQUATE REPRESENTATION OF SHAREHOLDER INTERESTS BY INDEPENDENT COMMITTEE".LETTER RAISES CONCERNS OVER "CORPORATE GOVERNANCE ISSUES THAT CDL OFFER HAS HIGHLIGHTED".M&C HAS "EXCELLENT PROSPECTS" AS STANDALONE BUSINESS; "SHOULD SEEK TO MAXIMIZE SHAREHOLDER VALUE".  Full Article

City Developments qtrly ‍profit for period attributable S$156.147 mln
Thursday, 9 Nov 2017 05:46am EST 

Nov 9 (Reuters) - City Developments Ltd :Qtrly ‍revenue S$863.1 million versus S$922.8 million.Q3 ‍profit for period attributable S$156.147 million versus S$170.300 million​.‍declares final tax-exempt dividend and special final tax-exempt dividend of 8.0 cents and 4.0 cents per share​.  Full Article

Millennium & Copthorne reports Q3 pretax profit of 55 mln stg
Monday, 30 Oct 2017 03:00am EDT 

Oct 30 (Reuters) - MILLENNIUM & COPTHORNE HOTELS PLC : :MILLENNIUM & COPTHORNE HOTELS PLC - ‍NINE MONTHS AND Q3 RESULTS TO 30 SEPTEMBER 2017​.MILLENNIUM & COPTHORNE HOTELS PLC - Q3 ‍REVPAR £89.75 VERSUS £85.78​ LAST YEAR.MILLENNIUM & COPTHORNE HOTELS PLC - ‍Q3 REVENUE TOTAL £263M VERSUS £247M​ LAST YEAR.MILLENNIUM & COPTHORNE HOTELS PLC - ‍Q3 REVENUE - HOTEL £231M VERSUS £221M​ LAST YEAR.MILLENNIUM & COPTHORNE HOTELS PLC - Q3 ‍PROFIT BEFORE TAX £55M VERSUS £46M​ LAST YEAR.MILLENNIUM & COPTHORNE HOTELS PLC - ‍ON A CONSTANT CURRENCY BASIS, GROUP REVPAR WAS UP BY 1.8% FOR THREE WEEKS ENDED 21 OCTOBER 2017​.MILLENNIUM & COPTHORNE - ‍ON A LIKE-FOR-LIKE BASIS, THREE-WEEKS TO OCT 21, GROUP REVPAR INCREASED BY 0.7%, NEW YORK UP BY 3.3%, AUSTRALASIA UP BY 8.0%​.  Full Article

City Developments says unit & Hong Realty successfully tendered for Amber Park site purchase
Wednesday, 4 Oct 2017 05:32am EDT 

Oct 4 (Reuters) - City Developments Ltd ::Unit & Hong Realty successfully tendered for enbloc purchase of Amber Park condominium site.Purchase consideration for property was s$906.7 million.  Full Article

City Developments announces resignation of CEO
Thursday, 10 Aug 2017 06:50pm EDT 

Aug 11 (Reuters) - City Developments Ltd ::Says accepted resignation of CEO, Grant Lewis Kelley.Promotes Sherman Kwek, currently deputy CEO, to be CEO-designate of company effective from 11 August 2017.  Full Article

City Developments posts qtrly revenue S$854.1 million
Thursday, 10 Aug 2017 06:47pm EDT 

Aug 11 (Reuters) - City Developments Ltd :Qtrly revenue S$854.1 million , down 21.8 percent.Qtrly profit attributable S$109.9 million versus S$ 133.8 million.Declares payment of a tax-exempt (one-tier) special interim dividend of 4.0 cents per ordinary share.  Full Article

City Developments says Hong Ren Wong retires as chairman
Friday, 30 Jun 2017 06:17am EDT 

June 30 (Reuters) - City Developments Ltd :Advises that Hong Ren Wong is retiring as chairman.  Full Article

BRIEF-City Developments Updates On award Of Sumang Walk Poperty

* ‍UNIT & TID RESIDENTIAL PTE ENTER MEMORANDUM OF GENERAL AGREEMENT TO BUY & DEVELOP LAND IN SINGAPORE AT TENDER PRICE OF S$509.4 MILLION