Kwek Leng Peck, cousin of City Developments' executive chairman Kwek Leng Beng, has “regrettably” resigned from the board of the property giant.

Leng Peck, according to his letter of resignation cited by CDL, disagreed with CDL’s investment in Sincere Property Group, including the continuing of financial support totalling $1.9 billion to the China-based developer.

See: City Dev to acquire 51.01% joint controlling interest in China’s Sincere Property Group for $0.88 bil

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