City Developments ( (SG:C09) ) has shared an announcement.
City Developments Limited (CDL) has temporarily suspended trading of its shares due to internal disagreements within the Board regarding its composition and committees. Despite this suspension, the company’s operations remain unaffected, and the current CEO, Sherman Kwek, continues in his role until any further Board resolutions are made. The company will provide updates in accordance with SGX Listing Rules as the situation develops.
More about City Developments
City Developments Limited (CDL) operates in the real estate industry, focusing on property development and investment. The company is known for its residential, commercial, and hospitality projects, with a significant presence in Singapore and a growing international portfolio.
YTD Price Performance: 2.26%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.49B
Learn more about C09 stock on TipRanks’ Stock Analysis page.