CDL to release outcome of strategic review on Sept 28

Felicia Tan09-17

Shares in CDL closed 11 cents higher or 1.37% up at $8.14 on Sept 17.City Developments Limited (CDL) will release the outcome of its strategic review before trading hours on Sept 28. Group CEO Sherman...

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He added that the group had engaged a global advisory firm, later revealed to be Teneo, to spearhead the review.\nAt the group's 1HFY2026 results briefing in August, Kwek said the review will include a \"very concrete plan\" that was backed by assets and numbers to lower its gearing to a level that he thinks everybody \"should be very happy with\".\nAnalysts believe the review could include a capital recycling framework and clarity on the group's plans to build a capital-light platform among others.\nShares in CDL closed 11 cents higher or 1.37% up at $8.14 on Sept 17.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2668499777","isCrawlerRequest":true}