Renewed M&C offer lifts CDL shares 5.9% higher
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CITY Developments Limited (CDL) shares got a sprightly start to the week on its renewed offer for all remaining shares in London-listed subsidiary Millennium & Copthorne hotels (M&C).
The mainboard-listed property developer's stock added S$0.50 or 5.9 per cent up at S$8.97 on a volume of 4.6 million shares, close to double the full-day average daily volume over the last 15 trading days.
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
