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BRIEF-City Developments Announces Further Rental Rebates In April And May For Retail Tenants

Reuters SG

April 6 (Reuters) - City Developments Ltd:

* TARGETED RENTAL REBATES DISBURSED TO QUALIFYING RETAIL TENANTS IN MARCH

* FURTHER RENTAL REBATES AMOUNTING TO 100% IN APRIL AND 50% IN MAY FOR RETAIL TENANTS

* COMMITS RENTAL RELIEF AND SUPPORT INITIATIVES TOTALLING OVER S$17 MILLION FOR TENANTS

* ALL MALL-WIDE PROMOTIONAL ACTIVITIES WILL BE SUSPENDED AND SOME SECTIONS OF CO'S MALLS MAY BE CLOSED FROM 7 APRIL TO 4 MAY

* ALL NON-ESSENTIAL BUSINESSES WITHIN CDL BUILDINGS WILL BE CLOSED FROM 7 APRIL TO 4 MAY 2020 Source text for Eikon: Further company coverage: