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Kwek Leng Beng
Property
CDL warns of property cooling measures in Singapore
CDL's comments on potential property curbs mark the first time a developer has waded in on the issue.
May 25, 2021
Company in the news
Fourth CDL director, Jenny Lim, quits board
Lim, a former KPMG partner, joined CDL's board back in June 2018
May 03, 2021
Property
'Proxy to Singapore' to continue land banking
City Developments will continue to landbank in Singapore even as it unlocks value from portfolio of old undervalued assets
March 05, 2021
Results
CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20
Despite the losses, the group has declared total dividend of 12.0 cents per share for the FY2020.
February 26, 2021
Property
CDL's Sherman Kwek seeks to salvage Sincere Property deal
It’s the biggest challenge yet for Kwek, who’s been at the helm for three years and spearheaded the Sincere deal in 2019.
January 19, 2021
STI watch
STI down slightly to 2,990.66, up 4.6% w-o-w
Week-on-week, the benchmark index grew 4.6% from the previous week’s (Jan 4) 2,858.90.
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
Shares in CDL closed 8 cents lower or 1.0% down at $7.55 on Jan 7.
January 07, 2021
Company in the news
CDL appoints Deloitte & Touche as external financial advisor to evaluate investment in Sincere Property Group
The financial advisory services company will assist CDL in further evaluating and reviewing its investment in Sincere Property.
November 04, 2020
Company in the news
Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board
CDL has committed a total of $1.9 billion to support Sincere Property Group, in which it holds a 51% stake
October 21, 2020
EY Entrepreneur Of The Year 2020 Awards Singapore
Three 'unstoppable' entrepreneurs named
The three winners embody this year’s theme of "The Unstoppables", says Max Loh of EY
October 02, 2020