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BlackRock reduces stake in CLD

It now holds just over 44.44 million shares in its stake.

City Developments Limited announced that BlackRock has ceased to be the group’s substantial shareholder following a reduction in its stake by 277,000 shares on 31 May.

BlackRock sold its shares for $5.64 apiece or $1.56m.

Post sale, BlackRock's stake in CDL has dropped to 44.44 million shares (4.97%) from 44.72 million shares (5%).

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