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Millennium & Copthorne (M&C)
M&A
CDL acquires 256-room Osaka hotel for $78.5 mil
This is CDL's third hotel acquisition in 2023.
August 31, 2023
Property
CDL to divest Copthorne Orchid Hotel & Resort Penang in Malaysia for $25 mil
This is CDL’s third non-core hotel asset disposal since the beginning of 2020.
December 14, 2020
M&A
CityDev chairman issues letter urging M&C shareholders to accept final offer
SINGAPORE (Dec 19): City Developments (CityDev) has issued a letter from its chairman, Kwek Leng Beng, urging Millennium & Copthorne (M&C) shareholders to consider “the very material premium and value” that is available to them under CityDev's lat
December 19, 2017
Update
CityDev's privatisation bid for M&C bodes well for both, with or without deal: Phillip Capital
SINGAPORE (Dec 12): Phillip Capital is maintaining its “accumulate” rating on City Developments (CityDev) with a target price of $12.10, after the group announced its final takeover offer for the remaining shares of Millennium & Copthorne (M&C) it doe
December 12, 2017
M&A
City Developments to take Millennium & Copthorne private, values hotel group at $3.2 bil
SINGAPORE (Oct 9): City Developments announced on Monday it offering 552.5 pence to buy the remaining shares in Millennium & Copthorne Hotels it does not own.
October 09, 2017
Broker's Calls
Underperforming CityDev could get a boost
SINGAPORE (July 12): City Developments Limited (CDL) has taken a beating since the Brexit vote. But a potential Profit Participation Securities (PPS) following its Nouvel 18 acquisition could give it a much-needed boost.
July 12, 2016