City Developments Limited (CDL) has appointed Deloitte & Touche as its external financial advisor on Nov 4.

The financial advisory services company will assist CDL in further evaluating and reviewing its 51.01% joint venture equity investment in China-based Sincere Property Group, it says in a Nov 4 statement.

CDL says its investment in Sincere, which was completed in April 2020, is a “strategic investment” which provides the group with an established platform comprising different asset classes across 18 cities in China.

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