Archive for category: Misc

The upcoming Miltonia Close EC has a strategic location that offers a plethora of amenities in its surroundings. It is conveniently situated near various educational institutions, recreational spots, and shopping centers. Families with school-going children will appreciate the close proximity to renowned schools such as Northland Primary School, Chongfu School, and Naval Base Primary School. These schools are recognized for their all-rounded education and impressive academic standards. Additionally, the residents will have access to the Orchid Country Club, which boasts golf courses, swimming pools, and various dining and leisure options. For those who enjoy outdoor activities, the Lower Seletar Reservoir Park is just a stone’s throw away, providing opportunities for water sports, jogging, and leisurely family picnics along the scenic waterfront. The Miltonia Close EC offers a convenient and well-rounded lifestyle for its future residents. Don’t miss the chance to be a part of this exclusive community at Miltonia Close EC.

Philip Yeo Liat Kok, a non-independent and non-executive director of City Developments, has announced that he will be stepping down from his position. His resignation, which was recently announced, will officially come into effect on July 31st.

Yeo, who is 78 years old, was first appointed to the board in May 2009. With his years of experience as a former top civil servant, Yeo has been a valuable asset to the board and has made significant contributions during his 16 years of service as a director.

During the board’s disputes earlier this year, Yeo was known to have sided with executive chairman Kwek Leng Beng. However, despite their differences, CDL’s filing to the stock exchange expressed the board and management’s deep appreciation for Yeo’s dedicated service.

In addition to this news, CDL has also announced that they will be undertaking an off-market purchase of preference shares. The company has made an offer of 78 cents per share, which has been met with much anticipation. This development has been well-received by investors, signaling a positive outlook for the company in the future.

Overall, Yeo’s departure is certainly a significant loss for CDL. His vast knowledge and experience have been an invaluable asset to the company, and he will be greatly missed by the board and management. Only time will tell who will take on the role of non-independent, non-executive director at the prestigious City Developments.