City Developments Limited (CDL) announced on Dec 14 that it has entered into a sale and purchase agreement to divest the Copthorne Orchid Hotel & Resort Penang for a consideration of RM75 million ($25 million).

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply