CDI STATEMENT REGARDING TAKEOVER NOTICE FOR MCK (updated)
Level 7, 23 Customs Street East, Auckland
P. O. Box 3248, Auckland 1140, New Zealand
Ph (09) 353 5077 Email: admin@cdli.co,nz
S T O C K E X C H A N G E A N N O U N C E M E N T
Date 20 January 2025
CDI STATEMENT REGARDING TAKEOVER NOTICE FOR MCK
CDL Investments New Zealand Limited (“CDI”) has noted the notice of intention from CDL Hotels
Holdings New Zealand Limited (“CDLHH NZ”) to make a takeover offer for Millennium & Copthorne
Hotels New Zealand Limited’s (MCK) ordinary shares issued to the market this morning. MCK holds
approximately 65% of the shares in CDI.
CDI notes that the draft letter to MCK’s shareholders from the offeror CDLHH NZ which was filed with
NZX this morning makes clear that the offer is not for CDI and indicates that CDLHH NZ’s intention is
that CDI will continue to be a listed entity.
No action needs to be taken by CDI’s shareholders in connection with the takeover notice for MCK.
-ENDS-
Issued by CDL Investments New Zealand Limited
About CDL Investments New Zealand Limited:
CDL Investments New Zealand Limited (NZX:CDI) has a proud track record of acquiring and developing residential sections in
New Zealand for over two decades. With a focus on creating and developing a range of high-quality residential sections to New
Zealanders, CDI has successfully completed numerous subdivision projects in Auckland, Hamilton, Tauranga, Hastings,
Havelock North, Taupo, Nelson, Christchurch, Rolleston (Canterbury) and Queenstown. More recently, CDI has successfully
completed commercial property projects including industrial warehouses in Wiri, South Auckland and neighbourhood centres at
Prestons Park, Christchurch and Stonebrook in Rolleston. CDI is a majority-owned subsidiary of NZX-listed Millennium &
Copthorne Hotels New Zealand Limited.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MCK — Millennium & Copthorne Hotels New Zealand Limited: MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE2025-01-22
“23 January 2025 MARKET UPDATE ON RESPONSE TO CDL HOTELS HOLDINGS NEW ZEALAND LIMITED’S TAKEOVER NOTICE Millennium & Copthorne Hotels New Zealand Limited (the Company or MCK) advises that, in response to the takeover notice received from CDL Hotels Holdings New Zealand L…”
- MCK — Millennium & Copthorne Hotels New Zealand Limited: MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ2025-01-19
“20 January 2025 MCK RECEIVES TAKEOVER OFFER FROM CDL HOTELS HOLDINGS NEW ZEALAND LIMITED DO NOT SELL PENDING FURTHER ADVICE Millennium & Copthorne Hotels New Zealand Limited (the Company or MCK) advises that it has received a takeover notice with the NZX for a full tak…”
- MCK — Millennium & Copthorne Hotels New Zealand Limited: Takeover Notice of Intention for MCK2025-01-19
“[3 February] 2025 Dear MCK Shareholder, We are pleased to confirm CDL Hotels Holdings New Zealand Limited ("CDLHH NZ"), a subsidiary of Singapore Stock Exchange listed City Developments Limited ("CDL"), is making an offer to acquire all the ordinary shares in Millennium &…”