M&C Hotels fight drags on; CDL's Kwek addresses dissenters
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE fight for the future of London-listed Millennium & Copthorne Hotels (M&C) drags on with the opposing parties getting more dramatic in their exchange of words.
In a sternly worded letter to shareholders delivered late on Monday night, the billionaire boss of City Developments (CDL) Kwek Leng Beng sought to swat away what he said was a "disingenuous" argument put forth by a trio of minority investors seeking to block CDL's takeover of M&C on the basis that CDL's offer was deceptively or unrealistically low.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
