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CDL to launch third PPS this year

The group is on track to achieve a target of S$5 billion AUM by 2018

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CDL group CEO Mr Kelley has signalled that the assets to be monetised under the third PPS are likely to be local ones.

Singapore

CITY Developments Limited (CDL) is looking to launch a third profit participation securities (PPS) structure this year, as this innovative financial vehicle becomes a "permanent feature" of its fund-management strategy.

The group also announced on Thursday that it was on

sentifi.com

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