| 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 | ||
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