CITY Developments Ltd’s (CDL) wholly owned subsidiary intends to purchase all the fully paid ordinary shares in hotel company Millennium & Copthorne Hotels New Zealand that it does not already own for ...

CDL’s share price tumbled by 23.2% in 2024 to S$5.11, the second consecutive year that the real estate giant’s share price has declined. The group saw revenue plunge by 42.2% year on year to S$1.56 ...

The offer is conditional on CDLHH NZ receiving 90% or more of the voting rights in MCK by 5pm on May 2. Photo: CDLCity ...

On Jan 20, CDL said the offer is being made with a view to delist and privatise Millennium & Copthorne Hotels New Zealand (MCK), which will “simplify the ownership structure” of CDL’s ...

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City Development Ltd (CDL) has made an offer to take over Millennium & Copthorne Hotels New Zealand (MCK) for NZ$57.3m (€31m). Through its New Zealand subsidiary, CDL Hotels Holdings New Zealand, the ...

The implementation and payment of the offer is not expected to have a material impact on CDL’s earnings per share (EPS) or net tangible assets (NTA) for the FY2025 ending Dec 31. As at 9.26am, shares ...

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