Kwek Leng Beng

'Proxy to Singapore' to continue land banking - THE EDGE SINGAPORE

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

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20 - THE EDGE SINGAPORE

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.

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.

STI down slightly to 2,990.66, up 4.6% w-o-w - THE EDGE SINGAPORE

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

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

CDL appoints Deloitte & Touche as external financial advisor to evaluate investment in Sincere Property Group - THE EDGE SINGAPORE

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.

Citing disagreements over investment in China, Kwek Leng Peck quits CDL's board - THE EDGE SINGAPORE

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.

Three 'unstoppable' entrepreneurs named - THE EDGE SINGAPORE

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.

SGX Briefs - THE EDGE SINGAPORE

Global Economy

Briefs

THE EDGE SINGAPORE - Quoteworthy: “This can’t be another woulda, coulda, shoulda election.

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”.

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