CDL to sell 5-star hotel Millennium Hilton Seoul, adjoining land for $1.26b, shares jump

December 13, 2021 10:59 AM

SINGAPORE (THE BUSINESS TIMES) – Sharesof City Developments Limited (CDL) hit a 3-week high on Monday (Dec 13), after the property developer announced plans to divest Millennium Hilton Seoul. The stock rose 2.7 per cent to hit a high of $7.18 on Monday morning.

Source : http://www.straitstimes.com/business/companies-markets/cdl-to-sell-5-star-hotel-millennium-hilton-seoul-adjoining-land-for-126b