Brief: City Developments Says Unit CDL Investments New Zealand Confident All Agreements For Sale Of Land It Currently Holds Will Settle During This Year

CDL Investments New Zealand

25/03/2020 04:56

March 25 (Reuters) - City Developments Ltd  CTDM.SI :
    * UNIT CDL INVESTMENTS NEW ZEALAND CONFIDENT ALL AGREEMENTS
FOR
SALE OF LAND IT CURRENTLY HOLDS WILL SETTLE DURING THIS YEAR
    * UNIT SEES DELAYS IN REGULATORY SITE INSPECTIONS AND
ISSUANCE OF
TITLES GIVEN IMMINENT LOCK DOWN OF NON-ESSENTIAL SERVICES
    * UNIT SAYS SALES ACTIVITY NOT AFFECTED BY LOCK DOWN
    * UNIT ADVISED ALL OF ITS CONTRACTORS TO STOP DEVELOPMENT
WORKS
IMMEDIATELY

Source text for Eikon:  ID:nSN9dc79g 
Further company coverage:  CTDM.SI 

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