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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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Published Thu, Feb 25, 2016 · 09:50 PM

    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 track to achieve its target of S$5 billion in assets under management (AUM) by 2018.

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