City Developments Limited (CDL)

SINGAPORE (July 12): City Developments Limited (CDL) has taken a beating since the Brexit vote. But a potential Profit Participation Securities (PPS) following its Nouvel 18 acquisition could give it a much-needed boost.

SINGAPORE (July 7): City Developments’ (CDL) $410.96 million acquisition on Tuesday of Wing Tai’s 50% shareholding interest in Summervale Properties is believed to be motivated by Qualifying Certificate (QC) charges on due end-November.

SINGAPORE (July 5): Wing Tai Holdings is divesting its 50% stake in the 156-unit Nouvel 18 to City Developments for $410.96 million. Following the transaction, CDL will own 100% of the property.