Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
City Developments (CDL)
15-05-2019, 01:05 PM.
Post: #111
RE: City Developments (CDL)
CDL Charts Next Phase of Growth in China - Enters into Transformational RMB 5.5 Billion Deal

Highlights :
* CDL's single largest investment in China to date
* Expands CDL's geographical presence in China from 3 to 20 cities
* Increases CDL’s portfolio allocation in China from 9% to 15%
* Access to a substantial landbank of 12.6 million sqm GFA across 70 development projects
* Broadens CDL’s asset classes in China to include business parks and serviced apartments
* Invests another RMB 1.2 billion for a 70% stake in a prime Shanghai commercial property

City Developments Limited (CDL) has entered into agreements to invest in Sincere Property Group (Sincere, or 协信远创), an established real estate developer in China. The investment consideration, comprising share subscription and a four-year interest-bearing loan, the allocation of which is subject to adjustments and will be finalised upon completion, amounts to a total of RMB 5.5 billion (approximately S$ 1.1 billion).

More details in :
1. https://links.sgx.com/FileOpen/1505_CDL_...eID=559616
2. https://links.sgx.com/FileOpen/1505_CDL_...eID=559617
3. https://links.sgx.com/FileOpen/1505_CDL_...eID=559618
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |