City Developments halts trading pending announcement

PROPERTY developer City Developments Limited (CDL) has halted trading of its shares pending an announcement.

CDL recently won the bid for Amber Park at a record price tag of S$906.7 million. This represents the largest freehold collective sale by dollar value in Singapore to date.

The company's stock last traded down 0.62 per cent to S$11.615.

Amendment note: An earlier version of this article said that City Developments' counter last traded down 0.62 per cent to S$1.615. It had in fact last traded at S$11.615. The article has been revised to reflect this.