City Developments Limited
City Developments Limited (CDL) is a leading global real estate company with a network spanning 104 locations in 29 countries and regions.
See below for the Latest City Developments Limited News, Analysis, Profit Results, Share Price Information, and Commentary.
CDL fails bid to take Millennium & Copthorne Hotels private
CDL fails bid to take Millennium & Copthorne Hotels private
This is despite raising its offer from $1.76 to $2.20 per share.
CDL raises offer to $2.20 for MCK
This is higher than its initial January bid of $1.76 (NZ$2.25).
CDL dispute prompts call for family governance disclosures
Transparency could help families pick external directors who can mediate during conflicts.
CDL acknowledges deviation from usual process in board changes
It was met with objections from several directors.
CDL group CEO Sherman Kwek forgoes $1.35m long-term incentive grant
He received a total compensation of $2.97m.
CDL posts $201.3m net profit in FY 2024
The decline was largely due to delayed construction.
City Developments’ Kwek Leng Beng drops legal action against son
All the board members have decided to put aside their differences.
Catherine Wu resigns as adviser to CDL subsidiary
Her departure comes amidst an ongoing corporate governance dispute within CDL.
CDL Chairman defends governance amid legal dispute
CDL recently announced a trading halt.
City Development Limited resumes trading after board dispute halt
Group CEO Sherman Kwek continues to lead the company.
CDL Chairman Kwek Leng Beng moves to oust son over 'attempted coup'
He also pointed to financial missteps under his son's leadership.
CDL’s PATMI sinks 36.5% YoY in FY2024
Revenue for the period dropped 32.6% YoY.
City Developments Limited requests a trading halt
It was requested on 26 February, 8:02 am.
CDLHH NZ launches offer to buy remaining shares in Millennium & Copthorne Hotels
The offer is for $2.25 per share, payable in cash.
CDL achieves over $600m from divestments in 2024
The divestments aim to enhance portfolio efficiency and returns.
The Orie to launch sales bookings on 18 January
Prices for the units start at $1.28m.
CDL posts mixed Q3 results with strong residential and office gains
Its total residential sales in Q3 soared 88% to $611.1m.
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