Profit Participation Securities

SINGAPORE (Jan 6): City Developments could be expected to make more acquisitions in the coming year, after the group’s net gearing fell to 19% from the divestment of Nouvel 18 through its profit participation securities structure, and opened up a large

SINGAPORE (Oct 25): The securitisation of Nouvel 18 is a “win-win outcome” for City Developments (CDL) and investors with UOB Kay Hian maintaining its “buy” call with a target price of $10.36.

SINGAPORE (Oct 24): City Developments on Friday launched its third profit participation securities (PPS) to unlock the value for Nouvel 18. This was met with the approval from market watchers.

SINGAPORE (Oct 21): Maybank Kim Eng is maintaining its “hold” call on City Developments Limited (CDL) with a target price of $9.42, citing the lifting of a key stock overhang in Nouvel 18.

SINGAPORE (Oct 21): City Developments Limited (CDL) announced that it has agreed to exit Summervale Properties, which own Nouvel 18, a freehold residential development on Anderson Road, through its third profit participation securities (PPS).