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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

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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.

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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.
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