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The latest update is out from City Developments ( (SG:C09) ).
Millennium & Copthorne Hotels New Zealand Limited (MCK) is responding to a takeover notice from CDL Hotels Holdings New Zealand Limited by appointing Cameron Partners Limited and Bell Gully for assistance, and Northington Partners Limited to prepare an independent adviser’s report. The company advises shareholders to refrain from any action regarding their shares until they receive further recommendations and reports. The takeover does not affect listed redeemable preference shares, and shareholders are advised to seek professional advice if considering selling.
More about City Developments
Millennium & Copthorne Hotels New Zealand Limited (MCK) is the only NZX listed hotel owner-operator in New Zealand, managing 18 hotels under various brands including Millennium, Grand Millennium, M Social, Copthorne, and Kingsgate. The company is part of a global network with over 120 properties across key cities in Asia, Europe, North America, the Middle East, and New Zealand. MCK is also the majority shareholder in CDL Investments New Zealand Limited and has property interests in Australia through its Kingsgate Group subsidiaries.
YTD Price Performance: -1.06%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.39B
For detailed information about C09 stock, go to TipRanks’ Stock Analysis page.
