CITY DEVELOPMENTS LIMITED (Co. Reg. No. 196300316Z)

ANNOUNCEMENT ON CHANGE OF INTEREST IN IREIT GLOBAL

The Board of Directors of City Developments Limited (the "Company") wishes to announce that City Strategic Equity Pte. Ltd., an indirect wholly-owned subsidiary of the Company has acquired an additional 675,211 units in IREIT Global at a purchase consideration of $490,878.40 from IREIT Global Group Pte. Ltd. ("IGG") pursuant to a unit purchase agreement entered into with IGG and Tikehau Capital on 9 September 2019 ("Units Acquisition").

Following the Units Acquisition, the Company's deemed interest in the units of IREIT Global, held through City Strategic Equity Pte. Ltd., has increased from 79,240,045 units to 79,915,256 units in IREIT Global, an increase from 12.486% to 12.566% of the issued units.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in connection with the above matters.

By Order of the Board

Enid Ling Peek Fong

Company Secretary

Date: 1 November 2019

Attachments

  • Original document
  • Permalink

Disclaimer

CDL - City Developments Ltd. published this content on 01 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2019 10:07:11 UTC