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City Developments ( (SG:C09) ) has provided an update.
CDL Hotels Holdings New Zealand Limited has announced its intention to make a full takeover offer for all the shares in Millennium & Copthorne Hotels New Zealand Limited that it does not already own. This strategic move could significantly impact the company’s market position in the New Zealand hospitality industry by consolidating its control and potentially influencing stakeholders’ interests and expectations.
More about City Developments
City Developments is a prominent entity involved in the hospitality industry, with a focus on hotel management and operations. Its primary products and services include owning and managing a chain of hotels under the Millennium & Copthorne brand in New Zealand.
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.38B
For a thorough assessment of C09 stock, go to TipRanks’ Stock Analysis page.