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In Strictly Business: The Kwek Leng Beng Story, the Singaporean billionaire opens up on his six decades in business and the lessons he learnt through crises and challenges.
SINGAPORE - Property giant City Developments Limited (CDL) has marked its 60th anniversary by unveiling plans to expand its portfolio of homes, offices and hotels to include new asset classes and to tackle more overseas markets. Read more at straitstimes.com.
. Read more at straitstimes.com.
In its response, CDL described Sincere as a joint venture and said the legal structure of the entity doesn’t give the Singapore firm majority control of board decisions. It said it was “deeply concerned” that Sincere issued the statement and that it came without any prior consultation. Sincere paid interest on Thursday for its bond due Tuesday, though investors are still waiting for a principal payment of 444.5 million yuan ($68 million), according to two bondholders who aren’t authorized to speak publicly and asked not to be identified. China Lianhe Credit Rating downgraded Sincere t...
Singapore Developer Spats With China Unit After Bond Lapse Bloomberg 3/12/2021 Bloomberg News © Bloomberg Residential buildings and willow trees stand along a canal in the Yonghegong area of Beijing, China, on Monday, April 16, 2018. New home prices in Beijing and Shanghai have jump more than 25 percent over the last two years. (Bloomberg) -- An escalating feud between Singapore’s richest property family and its troubled Chinese unit is underscoring the challenges for foreign companies making acquisitions in the world’s second-largest economy. On Wednesday, Chongqing ...