City Developments Limited (C09) has released its Rule 706A update for the half year ended Jun, 30 2026, detailing a series of incorporations, disposals, liquidations and equity adjustments across the group.

The developer established four indirect wholly owned units in Singapore—CDL Kallista Pte. Ltd. (incorporated Mar, 31 2026), CDL Chiron Pte. Ltd., CDL Chiron Investments Pte. Ltd. and CDL Apollo Pte. Ltd. (all incorporated Apr, 23 2026)—each with an issued share capital of 1 Singapore dollar and focused on property development. It also set up NovaTerra Residential Pte. Ltd. on Feb, 27 2026 as an indirect, non-wholly-owned subsidiary with paid-up capital of 4 million Singapore dollars.

On May, 15 2026, CDL’s deemed stake in NZX-listed CDL Investments New Zealand fell slightly to 65.05% from 65.12% after the issue of 331,259 new shares under that company’s dividend reinvestment plan.

The group exited its interest in Shanghai Fusion Enterprise Management Co. Ltd. on Feb, 3 2026, selling the China-incorporated office-building owner to an unrelated party for about 84.7 million renminbi.

Southwaters Investment Pte. Ltd. entered members’ voluntary liquidation on Jan, 8 2026. Several Singapore-incorporated associated entities—including Tarak Properties JV Holdings, Titus Commercial Holdings and others—have applied for or completed striking-off, while Freshview Developments Pte. Ltd. was dissolved on May, 20 2026.

During the period, 9.98 million stapled securities of CDL Hospitality Trusts were issued to the group’s wholly owned managers M&C REIT Management and M&C Business Trust Management as part of base and performance fee payments made on Jan, 30 2026, Apr, 17 2026 and Apr, 30 2026.

CDL said none of the disclosed transactions is expected to materially affect the group’s consolidated net tangible assets or earnings per share for the year ending Dec, 31 2026.