City Developments approves share purchase mandate

The offer price for each preference share will be $0.78 in cash.

City Developments Limited shareholders approved a Share Purchase Mandate, covering preference shares amongst others, authorising share purchases per terms and regulations.

According to a bourse filing, the offer price for each preference share will be $0.78 in cash.

A formal letter outlining the terms, conditions, and rationale for the Off-Market Equal Access Offer, along with acceptance forms, will be sent to registered preference shareholders on or about 23 May 2025.

The offer will be open for acceptance for 10 calendar days, excluding public holidays, commencing from the date of the letter.

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