City Developments Discloses Provision of Loans to Joint Ventures During 2024

MT Newswires

02-26

City Developments (SGX:C09) extended shareholders' loans to its joint venture companies in which its interested persons also have an interest, during the year ended Dec 31, 2024, according to a filing with the Singapore Exchange on Wednesday.

The interested persons in the joint ventures are associates of Hong Leong Investment and have an aggregate interest of 30% or more in the associated subsidiaries.

The total loan extended amounted to SG$4.2 million.

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