en-bloc acquisition

UOL’s indirect subsidiary, United Venture Development and CL Onyx, an indirect wholly-owned subsidiary of CapitaLand Singapore will undertake the acquisition on a 50:50 basis.

SINGAPORE (Oct 9): OCBC Investment Research is maintaining its “buy” call on City Developments Limited (CDL) while raising its fair value estimate to $12.90 from $12.39 previously after factoring in its recent site acquisition as well as firmer reside