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CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group

Felicia Tan
Felicia Tan1/4/2021 4:3 PM GMT+08  • 2 min read
CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group
As at 4.02pm, shares in CDL are trading 18 cents lower or 2.3% down at $7.79.
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City Developments Limited (CDL) has set up a special working group to review and improve liquidity and profitability of its 51.01% joint venture (JV) equity investment in Sincere Property Group.

Deloitte China has been engaged as external financial advisor to assist the group. The appointment comes following the appointment of Deloitte & Touche in November 2020 to evaluate CDL’s investment in Sincere Property Group.


See: CDL appoints Deloitte & Touche as external financial advisor to evaluate investment in Sincere Property Group

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