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City Developments ( (SG:C09) ) has provided an update.
City Developments Limited (CDL) announced surpassing S$600 million in global asset divestments for 2024, as part of their capital recycling initiative aimed at optimizing and unlocking value from its diversified portfolio. Key divestments include sites in Suzhou, London, and Singapore, which align with their strategic objectives and market positioning. The company’s focus on capital management is expected to maximize shareholder value despite challenging market conditions, with notable transactions such as the sale of retail and office components of Hong Leong City Center in Suzhou expected to complete in Q1 2025.
More about City Developments
City Developments Limited (CDL) is a prominent player in the real estate industry, focusing on property development, investment, and management. The company has a diversified portfolio that includes residential, commercial, and hospitality assets, with a strategic emphasis on capital recycling to optimize value and enhance shareholder returns.
YTD Price Performance: -1.46%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.35B
See more insights into C09 stock on TipRanks’ Stock Analysis page.
