A year after delisting from the London Stock Exchange, Millennium & Copthorne Hotels Limited (M&C), a global hospitality leader, disclosed today major initiatives that will prepare it for a recovery by as early as 2021 from the recent challenges caused by the COVID-19 pandemic. The privatisation granted M&C greater agility and cushioned impact of the pandemic. Lessons learned and operational …
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The Hong Leong Group, one of Singapore’s most established business groups and parent of SGX-listed City Developments Limited (CDL), was named today as winner of the Family Business Award of Excellence at the highly-prestigious EY Entrepreneur Of The Year™ 2020 Singapore awards. The award conferred by K Shanmugam, Minister for Home Affairs and Minister for Law, at a virtual ceremony, …
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City Developments Limited (CDL) announced today the appointment of Deloitte & Touche Financial Advisory Services Pte. Ltd. (Deloitte) as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China. The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020, is a …
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Need a change in scenery?  Swop your home office for the plush surroundings of a hotel.  Elevate your “Work From Home” (WFH) experience by working from a hotel along Orchard Road instead.  Park yourself amidst the luxurious and comfortable surroundings of the refreshed Orchard Hotel Singapore. Visually stunning with an interior design that reflects the lush and botanical provenance of …
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Following news that Singaporeans will be receiving their government-issued tourism vouchers in December, Millennium Hotels and Resorts (MHR) has launched a “Yacht-cation Escape” package for those wanting something different to spend their vouchers on. “Travel restrictions have been hard on Singaporeans who are fond of travelling and many are faced with spending the December holidays at home with nowhere to …
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Singapore, 27 September 2020 – As at 5pm today, Hong Leong Holdings Limited sold 341 units (or 60.3%) of the 566-unit Penrose condominium in its virtual launch weekend, September 26 and 27. This impressive performance makes Penrose by far the most successful and best-selling property launch in 2020. In line with safe management measures, Zoom was the virtual platform used …
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