Edition:
United States

City Developments Ltd (CTDM.SI)

CTDM.SI on Stock Exchange of Singapore

9.78SGD
18 Jul 2018
Change (% chg)

$0.14 (+1.45%)
Prev Close
$9.64
Open
$9.66
Day's High
$9.87
Day's Low
$9.65
Volume
2,618,300
Avg. Vol
2,111,532
52-wk High
$13.60
52-wk Low
$9.22

Latest Key Developments (Source: Significant Developments)

City Developments To Invest Hk$237.8 Mln In IPO Of E-House
Tuesday, 10 Jul 2018 12:10am EDT 

July 10 (Reuters) - City Developments Ltd ::PDF 1: CITY DEVELOPMENTS LIMITED (NEWS RELEASE - CDL TO INVEST HK$237.81 MILLION IN IPO OF E-HOUSE).CDL TO INVEST HK$237.81 MILLION IN IPO OF E-HOUSE.  Full Article

City Developments Posts Q1 Net Profit Of S$80 Million
Friday, 11 May 2018 06:22am EDT 

May 11 (Reuters) - City Developments Ltd ::Q1 REVENUE S$1,057.8 MILLION VERSUS S$783.7 MILLION.QTRLY NET PROFIT S$80 MILLION VERSUS S$95.6 MILLION.  Full Article

Singapore's CDL says M&C offer extended to Jan. 26
Tuesday, 23 Jan 2018 01:00pm EST 

Jan 23 (Reuters) - City Developments Limited ::OFFER UPDATE.‍UPDATE ON RECOMMENDED FINAL CASH OFFER FOR MILLENNIUM & COPTHORNE HOTELS BY AGAPIER INVESTMENTS LIMITED​.‍AS AT 1.00 P.M. ON 23 JAN, VALID ACCEPTANCES HAD BEEN RECEIVED FOR ABOUT 44.21 PERCENT OF OFFEREE SHARES NOT ALREADY OWNED BY CDL PARTIES​.‍FINAL OFFER IS BEING EXTENDED AND WILL REMAIN OPEN FOR ACCEPTANCE UNTIL 1.00 P.M. ON 26 JANUARY 2018​.  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 enters deal to acquire RMB 900 mln Prime Shanghai Commercial project
Tuesday, 14 Feb 2017 04:20am EST 

City Developments Ltd : Unit entered into equity transfer agreement to acquire Prime Shanghai Commercial project for total transaction value of RMB 900 million .Acquisition will be made through purchase of a 100% equity stake in Shanghai Meidao Investment Co.  Full Article

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

M&C Hotels directors hit by revolt by minority shareholders

LONDON Millennium & Copthorne Hotels faced an investor revolt over the re-election of some board directors on Friday, following a shareholder rebellion against a takeover bid earlier this year.