Market Chatter: City Developments Loses Top Spot as Boardroom Tussle Lingers

MT Newswires

03-04

City Developments (SGX:C09) is no longer Singapore's largest listed property developer according to a report by Bloomberg on Tuesday after the company's stock fell following the lifting of a trading halt.

Earlier on Monday, the company's shares fell over 3% on Monday after the company resumed its trading, stating that its operations remain "fully functional and unaffected."

In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.

CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of "attempted coup" of the company.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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