Asset Acquisitions and Disposals::Announcement on proposed sale of property by CDL Hotels (Korea) Ltd.

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
13-Dec-2021 07:45:17
Status
New
Announcement Sub Title
Announcement on proposed sale of property by CDL Hotels (Korea) Ltd.
Announcement Reference
SG211213OTHRM9P3
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached documents issued by City Developments Limited on 13 December 2021:
(1) Announcement on proposed sale of property by CDL Hotels (Korea) Ltd.; and
(2) News Release titled "CDL to divest Seoul Hotel for KRW 1.1 Trillion as part of Strategic Capital Recycling Initiative to unlock Latent Asset Values".

Attachments

MHS_Disposal_Announcement_Final.pdf
CDL_News_Release_Millennium_Hilton_Seoul_divestment.pdf
Total size =560K