Will minority owners of M&C bite?

At an enterprise value of 12 times its Ebitda, it's trading at an attractive level compared to global hospitality plays, says DBS analyst Rachel Tan

Fri, Oct 13, 2017 - 5:50 AM

Angela Tanangelat@sph.com.sg

SINGAPORE property tycoon Kwek Leng Beng has finally put to rest years of market speculation over whether City Developments (CDL), the majority owner of Millennium & Copthorne (M&C), will seek to privatise the London-listed hotel chain.

On Monday, CDL - the Singapore-listed...

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