SINGAPORE: Millennium & Copthorne Hotels Limited (M&C), City Developments Limited (CDL)’s wholly-owned hotel subsidiary, has entered into a Sale and Purchase Agreement to divest the Copthorne Orchid Hotel & Resort Penang in Malaysia for RM 75 million (approximately S$25 million). The divestment is in line with the Group’s strategy to extract value from its non-core…
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City Developments Limited
City Developments Limited, also commonly referred to by its abbreviation, CDL, or as CityDev, is a Singaporean multinational real estate operating organisation. CDL has developed many types of properties from shopping malls to integrated developments. Traded as: SGX: C09 Industry: Commercial Financial services Hospitality Real estate REITs Residential Retail Founded: 7 September 1963; 57 years…