CITY DEVELOPMENTS LIMITED: General Announcement

Reference	SG140327OTHRAIEE
Message Reference	31KEDO2LQ590LHGN
Issuer
Name	CITY DEVELOPMENTS LIMITED
Status	Active
Country of Incorporation	SG
Company Registration Number	196300316Z
Issuer Address	36 Robinson Road, #04-01 City House
	SG
	68877
Security
Implementationcode	IMPL_SGX
Long Name	CITY DEVELOPMENTS LIMITED
Short Name	CITY
Sequencenumber	1
Statuscode	Active
Marketcode	SGX MAINBOARD
Identifiers
Identifier	IBM Code
	1R89
Identifier	Stock Code
	C09
Identifier	HP Short Name
	CITYDEV
Identifier	IBM Short Name
	CITY DEV
Identifier	Master Code
	45
Identifier	ISIN
	SG1R89002252
Security Type	Ordinary Share
Trading Currency	SGD
Par Currency	SGD
Place of Listing
Place Value	XSES
Classification Type	Ordinary Shares
Announcement Type	General Announcement
Message Function	New
Announcement Title	General Announcement
Announcement Subtitle	Update on Proposed Disposal of Shareholding in subsidiary, City e-Solutions Limited
Submitted By	Enid Ling Peek Fong
Designation	Company Secretary
Dates
Date	Announcement Date/ Time	2014-03-27T19:59:01
Market Acquisition Details
Off Market Acquisition Details
Narratives
Narrative	Event Description
	The Board of Directors of City Developments Limited (“CDL” or the “Company”) refers to the announcement released on 23 December 2013 in connection with the acceptance of a Memorandum of Understanding (“MOU”) from an unrelated third party (the “Purchaser”) who had expressed non-binding interest in acquiring from CDL’s wholly-owned subsidiaries (collectively, the “CDL Entities”) an approximate 52.52% interest in the issued share capital of City e-Solutions Limited ("CES") held by the CDL Group through the CDL Entities. The Board wishes to inform that the CDL Entities had on 27 March 2014 served a notice on the Purchaser, stating inter alia that the Purchaser has not met the terms of the MOU and has demonstrated by its conduct that the Purchaser is not proceeding with the transaction. As there were substantial differences between the parties, no agreement has been reached on the terms of the sale and purchase agreement. Please also refer to the attached announcement released by CES on 27 March 2014. By Order of the Board Shufen Loh @ Catherine Shufen Loh Enid Ling Peek Fong Company Secretaries 27 March 2014
Attachments
Attachment	20140327_195901_C09_31KEDO2LQ590LHGN.1.pdf
	Purpose: External / Sequence: 1