CCL definition
Examples of CCL in a sentence
The estimated CCL Divestment Consideration represents an excess of approximately S$57.8 million over the Company’s interest in the Properties and the companies holding the Properties (each, a “PropCo”) as at 31 December 2024.
No person is proposed to be appointed as a director of CCL in connection with the Proposed Transactions or any other transactions contemplated in relation to the Proposed Transactions.
The Board of CCL (and together with its subsidiaries, the “CCL Group”) also wishes to announce that, based on a preliminary assessment of the CCL Group’s unaudited consolidated management accounts for the half year ended 30 June 2025 (“1H 2025”) and the information currently available, the CCL Group is expected to report a significant increase in the profits arising from fair value gain on the CCL Group’s investment properties compared to the valuations on its books as at 31 December 2024.
A circular shall be issued to the shareholders of CCL (the “Shareholders”) in due course (the “Circular”), together with a notice of an extraordinary general meeting, for the purpose of seeking the approval of Shareholders for the proposed transactions in connection with the proposed listing of Centurion Accommodation REIT.
CCL is in the process of finalising the CCL Group’s unaudited financial results for 1H 2025.