
Kwek Leng Beng
Property

'Proxy to Singapore' to continue land banking
Investors were transfixed by the $1.9 billion loss at Singapore-listed City Developments (CDL) in its FY2020 financial results last week, due to the firm’s misadventure in China through its joint v
March 05, 2021
Results
CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20
City Developments Limited (CDL) has recorded a loss of $1.917 billion for the FY2020 ended December from earnings of $564.6 million a year ago.
February 26, 2021
Property
CDL's Sherman Kwek seeks to salvage Sincere Property deal
Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the centre of an ambitious expansion into China.
January 19, 2021
STI watch
STI down slightly to 2,990.66, up 4.6% w-o-w
The Straits Times Index (STI) was down 0.08% or 2.53 points to 2,990.66 as at 1.59pm amid growing optimism in the US markets due to the announcement of a potential stimulus aid worth trillions of U
January 11, 2021
Company in the news
CDL's Kwek Leng Beng thanks outgoing directors, says new directors have 'diversified skill sets and perspectives' in letter
In a letter to the media released via SGX on Jan 7, City Developments Limited’s (CDL) executive chairman Kwek Leng Beng referred to the “recent media reports” with regard to the changes to the boar
January 07, 2021
Company in the news

CDL appoints Deloitte & Touche as external financial advisor to evaluate investment in Sincere Property Group
City Developments Limited (CDL) has appointed Deloitte & Touche as its external financial advisor on Nov 4.
November 04, 2020
Company in the news

Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board
Kwek Leng Peck, cousin of City Developments' executive chairman Kwek Leng Beng, has “regrettably” resigned from the board of the property giant.
October 21, 2020
EY Entrepreneur Of The Year 2020 Awards Singapore
Three 'unstoppable' entrepreneurs named
Professional services organisation EY has named three recipients of its 19th EY Entrepreneur Of The Year (EOY) 2020 Singapore awards.
October 02, 2020
Global Economy

Briefs
THE EDGE SINGAPORE - Quoteworthy: “This can’t be another woulda, coulda, shoulda election.
August 21, 2020
Company in the news

M&C's newly-appointed CEO Clarence Tan quits
SINGAPORE (July 21): Barely three months after being appointed as group CEO of Millennium & Copthorne (M&C), Clarence Tan has tendered his resignation to “spend more time with his family”.
July 21, 2020