City Developments Limited (CDL)

CDL pencils 1H21 net loss of up to $35 million, no thanks to the Covid-19 restrictions - THE EDGE SINGAPORE

Results

CDL pencils 1H21 net loss of up to $35 million, no thanks to the Covid-19 restrictions

CDL has also penciled a 25% to 30% drop in its pre-tax profit from the $13.8 million posted in 1HFY20
Sustainability reporting key to mobilise global capital, accelerate climate action: CDL - THE EDGE SINGAPORE

Special Feature

Sustainability reporting key to mobilise global capital, accelerate climate action: CDL

By blending various sustainability reporting standards, CDL has stayed abreast of global efforts to produce a common standard.
CDL extends support to some 400 tenants as Singapore bans dining-in again - THE EDGE SINGAPORE

Company in the news

CDL extends support to some 400 tenants as Singapore bans dining-in again

According to CDL, 35.2% of these tenants are in the food and beverage business.
CDL faces turnaround after China debacle - THE EDGE SINGAPORE

Company in the news

CDL faces turnaround after China debacle

For Singapore’s richest property family, the turnaround of City Developments Ltd. is just beginning.
CDL says it’s under 'no pressure' to divest assets after Millennium Hilton Seoul reported to sell for $1.19 bil - THE EDGE SINGAPORE

Property

CDL says it’s under 'no pressure' to divest assets after Millennium Hilton Seoul reported to sell for $1.19 bil

The comment comes after The Korea Herald stated that CDL Hotel Korea is planning to sell the luxury hotel for KRW1 trillion.
CDL reports global occupancy of 36.8% and global RevPAR of $44.6 in 1Q business update - THE EDGE SINGAPORE

Results

CDL reports global occupancy of 36.8% and global RevPAR of $44.6 in 1Q business update

As at March 31, CDL’s net gearing ratio stood at 65% with interest cover at 7.7 times.
CDL-led consortium secures $1.22 bil green loan from five banks - THE EDGE SINGAPORE

Green loans

CDL-led consortium secures $1.22 bil green loan from five banks

The loan is provided by DBS, UOB, Maybank, SMBC and OCBC.

Company in the news

CDL's China deal is a cautionary tale

In a case of a dream turning into a burden, City Developments Ltd. last month revealed a $1.78 billion write-down on Sincere.
City Developments looks beyond Sincere - THE EDGE SINGAPORE

Property

City Developments looks beyond Sincere

City Developments attempts to put ill fated acquisition of Sincere behind it and focus on unlocking value in Singapore
'Proxy to Singapore' to continue land banking - THE EDGE SINGAPORE

Property

'Proxy to Singapore' to continue land banking

City Developments will continue to landbank in Singapore even as it unlocks value from portfolio of old undervalued assets
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