CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
City Developments Limited's (CDL) CEO Sherman Kwek is not ruling out the possibility of continuing share buybacks, considering that its current share price levels is at an over 70% discount to its true value.
As at the FY2024 ended Dec 31, 2024, CDL's net asset value (NAV) stood at $10.17 per share while its revalued NAV (RNAV) stood at $17.57 per share or $19.68 per share considering its fair value taken all valuation surpluses on portfolio.
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如果持有30%至50%投票权的人在六个月内额外收购超过1%的股份，也会触发收购。
当投标人及其一致行动人持有超过50%的投票权时，必须提出自愿全面要约。
CDL seeks shareholders’ nod to buy back shares, which could raise Kwek family’s stake to 55.5%
A recent tussle for control of CDL between Mr Kwek Leng Beng (right) and his son Sherman Kwek sent the company's shares tumbling.PHOTO: LIANHE ZAOBAO FILE
Angela Tan
UPDATED APR 08, 2025, 10:26 PM
SINGAPORE – City Developments Limited (CDL), the Singapore hotel and property group that was embroiled in a recent boardroom feud, is seeking shareholders’ approval to buy back the company’s shares.
In a letter to shareholders on April 8, CDL executive chairman Kwek Leng Beng said the company is seeking shareholders’ approval at its annual general meeting on April 23 to renew a share purchase mandate.
This would allow the company to buy back up to 10 per cent of its ordinary shares from the market, as well as an additional 10 per cent of its preference shares.
This could see the Kwek family’s controlling stake in CDL increase to 55.51 per cent from 49.29 per cent as at March 10
在新加坡，当竞购者单独或与他人一致获得目标公司30%或以上的投票权时，就会触发强制性收购要约。
如果持有30%至50%投票权的人在六个月内额外收购超过1%的股份，也会触发收购。
当投标人及其一致行动人持有超过50%的投票权时，必须提出自愿全面要约。
PRIVATIZATION IN THE CARDS ?
AS CDL IS TRADING 70% WAY BELOW THE RNAV PRICE . TOO CHEAP TO IGNORE!
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积累便宜！！
Hopefully he has ideas to turn it around
Great article, would you like to share it?
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Interesting