Corporate digest

City Developments

PROPERTY developer City Developments Ltd (CDL) on Friday said its strategy of targeting predominantly UK nationals for its residential developments has helped to insulate its projects from any potential Brexit impact. As at Dec 31, 2015 and on a group level, CDL's exposure to the UK is 12 per cent (revenue exposure), 11 per cent (asset exposure), and 12 per cent (debt exposure).

CDL said that it continues to have confidence in the long-term fundamentals of the UK economy.