CITY Developments Limited (CDL) said its final cash offer to acquire all the remaining shares in its London-listed subsidiary Millennium & Copthorne Hotels (M&C) has been declared unconditional in all respects. The delisting of M&C shares from the London Stock Exchange (LSE) is expected to be effective on Oct 11, the mainboard-listed property developer said early on Friday morning. As of 5pm London...
Singapore-listed real estate firm City Developments Ltd (CDL) announced on Friday (Jun 7) another attempt to buy Britain's Millennium & Copthorne (M&C) Hotels, this time for £2.23 billion (S$3.9 billion). The offer represents a premium of about 37 per cent to M&C's closing price of 500 pence on Thursday. Currently, CDL owns approximately 65.2 per cent of M&C. This offer is final and will not be...
Millennium and Copthorne Hotels (M&C), a UK-listed hotel operator controlled by Singapore tycoon Kwek Leng Beng, has reported a profit before tax of 36.7 million pounds for the fourth quarter, an increase of 24.4 per cent year-on-year. For the full year, pre-tax profit rose 57 per cent to 128.6 million pounds. Fourth-quarter hotel revenue increased 17 per cent to 205.4 million pounds, while full-year...
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