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CDL surges on news of asset monetisation

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Shares of City Developments (CDL) surged on Wednesday, a day after it announced a joint investment entity with Keppel Land's Alpha Investment Partners which will acquire three of CDL's office properties for S$1.1 billion.

Singapore

SHARES of City Developments (CDL) surged on Wednesday, a day after it announced a joint investment entity with Keppel Land's Alpha Investment Partners which will acquire three of CDL's office properties for S$1.1 billion.

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