The Business Times
business-time-50

CDL's M&C offer yet to hit conditional acceptance threshold as deadline looms

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jan 24, 2018 · 09:50 PM

Singapore

CITY Developments Ltd (CDL) on Wednesday reported that the percentage of valid acceptances for its takeover offer of London-listed Millenium & Copthorne Hotels (M&C) is still shy of the conditional acceptance threshold.

CDL said on Wednesday that it has received accepted offers representing just 44.2 per cent of shares not already owned or controlled by it.

TRENDING NOW

National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

15-month wait-out curb lifted for private property owners buying HDB resale flats

Residential auction demand is primarily driven by upgraders seeking larger family homes and investors eyeing future capital gains, says an analyst.

Mortgagee-sale listings hit six-year high in H1 2026 as financing conditions tighten

Justin Quek, CEO of OrangeTee and Deputy Group CEO of Realion Group (right), with Dr Tan Tee Khoon, head of KF Property Network.

Knight Frank winds down real estate agency unit, agents to move to OrangeTee & Tie

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More