SUBSCRIBERS
CDL buys 24% stake in China co-working space operator Distrii
Published Thu, Jan 19, 2017 · 09:50 PM
Singapore
SINGAPORE-LISTED property group City Developments Limited (CDL) has signed an agreement to invest 72 million yuan (S$14.8 million) for a 24 per cent stake in Distrii, an operator of co-working spaces in China.
Distrii, making its first foray outside China, will be leasing more than 60,000 square feet of space at CDL-owned Republic Plaza Tower 1 in Singapore's Central Business District.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches