General Announcement::Announcement by Subsidiary Company, City e-Solutions Limited

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
15-Apr-2016 21:05:22
Status
New
Announcement Sub Title
Announcement by Subsidiary Company, City e-Solutions Limited
Announcement Reference
SG160415OTHRK6C9
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 announcement released by City e-Solutions Limited ("CES") on 15 April 2016 regarding unusual price and trading volume movements, possible disposal of shareholdings by the controlling shareholder and resumption of trading.

City Developments Limited has informed the board of CES that it has been approached by independent third parties (who are to the Company's knowledge not connected with CES or any connected person of CES) regarding the possible disposal of its entire shareholding in CES held through its wholly-owned subsidiaries of an aggregate representing approximately 52.52% of the issued shares of CES. The approaches have been entirely exploratory in nature and the Company has not received any commitment from or entered into any agreement with any such independent third parties. These approaches may or may not lead to a definitive agreement.

By Order of the Board

Shufen Loh @ Catherine Shufen Loh
Enid Ling Peek Fong
Company Secretaries

15 April 2016

Attachments