[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12):
City Developments Ltd (CDL) : A tie-up between City Developments Ltd (CDL) and Hong Realty on Thursday has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road, a short walk from Newton MRT interchange station. The top bid works out to S$1,865.15 per square foot per plot ratio. The 80:20 joint venture between CDL and Hong Realty plans to develop a 39-storey residential tower with about 380 units. Shares of CDL on Thursday ended at S$8.23, S$0.04 or 0.5 per cent lower.
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