Koh Thiam Hock, 70, has resigned as independent non-executive director of City Developments (CDL) effective Dec 28.

His resignation comes two months after Kwek Leng Peck stepped down as non-executive and non-independent director of CDL.

According to a Dec 29 filing, Koh deems his resignation as the “most appropriate” action in view of having shared his “observations, concerns and suggestions” with the board on the company’s investment in China’s Sincere Property Group.

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