General Announcement::Announcement by Subsidiary Company, Millennium & Copthorne H... Page 1 of 1
GENERAL ANNOUNCEMENT::ANNOUNCEMENT BY SUBSIDIARY COMPANY, MILLENNIUM & COPTHORNE HOTELS PLC
Issuer & Securities
Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities
CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
08-Aug-2019 12:16:45
Status
New
Announcement Sub Title
Announcement by Subsidiary Company, Millennium & Copthorne Hotels plc
Announcement Reference
SG190808OTHR2ETB
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the Announcement released by Millennium & Copthorne Hotels plc ("M&C") on 7 August 2019 relating to the potential sale of M&C Group's interest in the Millennium Cincinnati Hotel.
Attachments
MCplc_Potential_Cincinnati_sale.pdf
Total size =12K MB
https://links.sgx.com/1.0.0/corporate-announcements/9UCCRK3LI57NI36D/bf2e148eab35b770f... 8/8/2019
For Immediate Release | 7 August 2019 |
MILLENNIUM & COPTHORNE HOTELS PLC
LEI: 2138003EQ104LZ1JNH19
POTENTIAL SALE OF HOTEL
Further to recent media commentary by officials representing the Cincinnati Center City Development Corporation ("3CDC") in Cincinnati, Ohio, Millennium & Copthorne Hotels plc (the "Company") confirms that on 1 July 2019, a subsidiary of the Company entered into a purchase and sale agreement with a Cincinnati-based development company, unrelated to 3CDC, for the potential sale to the purchaser or its designee of the Group's interest in the Millennium Cincinnati hotel. Completion of the sale remains conditional on, among other things, the purchaser finalising its due diligence review to its satisfaction and certain other conditions. The transaction would fall well below the level of a class 2 transaction under the UK Financial Conduct Authority's Listing Rules.
Enquiries: | |
Jonathon Grech, Group General Counsel & Company Secretary | Tel: +44 (0)20 7872 2444 |
Matthew Smallwood, Instinctif Partners | Tel: +44 (0)20 7457 2020 |
Attachments
- Original document
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Disclaimer
CDL - City Developments Ltd. published this content on 08 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2019 04:49:08 UTC