CDL selling its 50.1% South Beach stake to its Malaysian partner IOI for S$834 million, yielding S$465 million gain

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WED, JUN 4, 2025 Top Stories CDL selling its 50.1% South Beach stake to its Malaysian partner IOI for S$834 million, yielding S$465 million gain [SINGAPORE] City Developments Limited (CDL) has agreed to sell its 50.1 per cent stake in the South Beach mixed project to its Malaysian partner, IOI Properties Group (IOIPG), for about S$834.2 million. Most COE category premiums down; mainstream car category drops 5.4% to S$96,999 [SINGAPORE] All premiums dipped in the first round of Certificate of Entitlement (COE) bidding in June, except for the motorcycle category. More Chinese corporates eyeing deals in Asean, secondary listings on SGX [SINGAPORE] Chinese corporates are increasingly looking for deals in South-east Asia amid rising uncertainty from US trade policies, said Jason Saw, head of investment banking at CGS International. Car dealer with links to Malaysia's Goh Brothers automotive group to be agent for Alfa Romeo, Jeep in Singapore [SINGAPORE] Red Rock & Rosso Motor (Red Rock), a company linked to Malaysian businessman Goh Kian Sin, will be the distributor and dealer for Alfa Romeo and Jeep in Singapore and Malaysia. Companies should look to include 30 and 80 year olds in their top executive teams [SINGAPORE] Piyush Gupta's tenure as DBS's chief executive officer (CEO) ended with a bang as the group posted record net profit of S$11.29 billion for 2024 and Gupta received a total remuneration of S$17.6 million for the financial year ended Dec 31, 2024. PODCAST Market Focus Daily: Wednesday, June 4, 2025 Asian stocks track Wall Street up after jobs data; Korean stocks rise to enter bull market, bonds sink after Lee elected President; Iron ore markets head for shake-up as Singapore-linked Simandou nears production. Other Good Reads Asean Business Business insights centering on South-east Asia's fast-growing economies. Breakfast Brief All the latest news you need to know to start your day, right in your inbox. Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. MORE NEWSLETTERS FOLLOW US DOWNLOAD THE BT APPS ABOUT US CONTACT US HELP TERMS & CONDITIONS DATA PROTECTION POLICY ADVERTISE WITH US You are receiving this e-mail because you subscribed to the BT Breakfast Brief. We're keeping you updated with our Daily Debrief, which helps you catch up with breaking news you may have missed. If you no longer wish to receive the Daily Debrief, please click the link below to unsubscribe. If you want to unsubscribe from this mailing list,click here.