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The investment brings strong synergy, IMO...
CDL China invests RMB 100 mil in online apartment rental platform
SINGAPORE (Sep 5): City Developments says its wholly-owned subsidiary CDL China has invested RMB 100 million ($20.3 million) for a 20% stake in mamahome, a fast growing Chinese online apartment rental platform.
Serving both apartment owners and rental customers, mamahome provides an online booking website, online management software, and other value-added services like housekeeping, renovation, 24-hour concierge and call centre. It also provides management for its own brands of serviced apartments, namely Suisse Place, Locca and Login.
The site has over 100,000 apartment listings located in more than 20 Chinese cities. Over three quarters of the listings are in Shanghai, Beijing and Guangzhou.
Following the acquisition, mamahome will be jointly held by CDL China, together with Yuan Ye, mamahome’s chairman and founder with a 56% stake, and EHouse Capital with a 24% stake.
...
http://www.theedgemarkets.com.sg/sg/arti...l-platform
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(06-09-2016, 10:09 AM)CityFarmer Wrote: The investment brings strong synergy, IMO...
CDL China invests RMB 100 mil in online apartment rental platform
SINGAPORE (Sep 5): City Developments says its wholly-owned subsidiary CDL China has invested RMB 100 million ($20.3 million) for a 20% stake in mamahome, a fast growing Chinese online apartment rental platform.
Serving both apartment owners and rental customers, mamahome provides an online booking website, online management software, and other value-added services like housekeeping, renovation, 24-hour concierge and call centre. It also provides management for its own brands of serviced apartments, namely Suisse Place, Locca and Login.
The site has over 100,000 apartment listings located in more than 20 Chinese cities. Over three quarters of the listings are in Shanghai, Beijing and Guangzhou.
Following the acquisition, mamahome will be jointly held by CDL China, together with Yuan Ye, mamahome’s chairman and founder with a 56% stake, and EHouse Capital with a 24% stake.
...
http://www.theedgemarkets.com.sg/sg/arti...l-platform
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Worst Not Over for Singapore Developers, Billionaire Kwek Says
The worst isn’t over for Singapore property developers, after government curbs helped push home prices lower for a third year in 2016, said Kwek Leng Beng, the billionaire chairman of City Developments Ltd.
“I do not believe the worst is over although I think the worst has slowed down,” Kwek said in a Bloomberg Television interview.
Singapore home prices fell 3 percent in 2016, as the government held steadfast on cooling measures. Prices slipped for a 13th straight quarter in the three months ended Dec. 31, the longest streak since data was first published in 1975.
More details in https://www.bloomberg.com/news/articles/...-kwek-says
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Haha looks like he gave up trying to get the gov to relax the property regulations.
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(23-02-2017, 03:06 PM)BlueKelah Wrote: Haha looks like he gave up trying to get the gov to relax the property regulations.
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to be honest, even as a reits owner, i don't think govt should relax regulations.
a new homes for the new parents, new young pple should be priority, not shareholders like us.
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(23-02-2017, 05:40 PM)dividendangel Wrote: (23-02-2017, 03:06 PM)BlueKelah Wrote: Haha looks like he gave up trying to get the gov to relax the property regulations.
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to be honest, even as a reits owner, i don't think govt should relax regulations.
a new homes for the new parents, new young pple should be priority, not shareholders like us.
There was a push to relax property to foreigners or high end properties which I also disagree because it will still influence local or HDB prices.
I thought this is quite obvious.
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CDL markets Singapore's first Green bond
Thursday, April 6, 2017 - 11:35
[SINGAPORE] City Developments is today marketing the first Green bond offering in Singapore.
The property company is offering a Singapore dollar two-year Green bond indicated at a 1.98 per cent coupon, with pricing expected later today.
The unrated bond is secured against Republic Plaza, which has scored a green mark platinum from Singapore's state agency Building and Construction Authority. The office complex is located in the heart of financial and commercial district Raffles Place.
This is the first time that a Green bond is being offered in the Singapore dollar bond market, offering a test of local investor appetite for this type of asset.
More details in http://www.businesstimes.com.sg/companie...green-bond
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Request for Trading Halt : Pending release of an announcement.
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(09-10-2017, 01:45 PM)cyclone Wrote: Request for Trading Halt : Pending release of an announcement.
Following a period of negotiation between the parties, CDL and the independent non-executive directors of M&C (the "M&C Independent Directors") are pleased to announce that they have reached agreement on the price at which the M&C Independent Directors would recommend a possible cash offer to be made by Agapier Investments Limited, a wholly-owned subsidiary of CDL, to acquire all of the outstanding ordinary shares in M&C that CDL and its subsidiaries do not already own (the “Proposed Offer”).
Under the terms of the Proposed Offer, shareholders in M&C would be entitled to receive 552.5 pence in cash for each M&C Share held.
More details in http://infopub.sgx.com/FileOpen/CDL%20-%...eID=473370
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Two fund management firms have joined an investor revolt against the planned 1.8 billion pound ($2.4 billion) takeover of Britain’s Millennium & Copthorne Hotels (M&C) by City Developments Limited (CDL), its majority shareholder. International Value Advisers (IVA) and MSD Partners, which own 7 percent and 1.9 percent respectively of London-listed M&C, have sent a letter to the hotel company’s independent directors to criticise them for supporting the 552.5 pence per share takeover proposal from Singapore’s CDL, which is part of billionaire Kwek Leng Beng’s Hong Leong Group. They join Aberdeen Standard Investments and Fidelity International, two other minority shareholders reportedly unhappy with the terms of the deal.
https://www.dealstreetasia.com/stories/t...ver-84516/
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