It now holds just over 44.44 million shares in its stake.
City Developments Limited announced that BlackRock has ceased to be the group’s substantial shareholder following a reduction in its stake by 277,000 shares on 31 May.
BlackRock sold its shares for $5.64 apiece or $1.56m.
Post sale, BlackRock's stake in CDL has dropped to 44.44 million shares (4.97%) from 44.72 million shares (5%).
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