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C09 - City Developments News Story

S$8.11 0.1  0.8%

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Sector
Financials
Size
Large Cap
Market Cap £3.97bn
Enterprise Value £9.08bn
Revenue £1.15bn
Position in Universe 363rd / 6089

BRIEF-City Developments Appoints Special Working Group For JV Investment In Sincere Property Group

Mon 4th January, 2021 9:55am
Jan 4 (Reuters) - City Developments Ltd  CTDM.SI :
    * CITY DEVELOPMENTS LTD - CDL APPOINTS SPECIAL WORKING GROUP
FOR
JV INVESTMENT IN SINCERE PROPERTY GROUP
    * CITY DEVELOPMENTS LTD- INCLUDES REVIEW OF POTENTIAL
DIVESTMENTS
OF ASSETS AND RESTRUCTURING OF EXISTING LIABILITIES OF
CHINA-BASED REAL ESTATE GROUP
    * CITY DEVELOPMENTS - REVIEW IDENTIFIED MAJOR BANK LOANS &
NON-TRADE LIABILITIES MATURING BETWEEN END 2020 & 2021 WHICH
REQUIRE DEBT RESTRUCTURING
    * CITY DEVELOPMENTS- SINCERE PROPERTY HAS STARTED
NEGOTIATIONS
WITH CERTAIN MAJOR LENDERS AND IS AWAITING APPROVAL

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2dB023
Further company coverage:  CTDM.SI 

 ((Reuters.Briefs@thomsonreuters.com;))
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