Sherman Kwek

SINGAPORE (Aug 16): Property giant City Developments Limited (CDL) has bought shares from the open market for the first time. On Aug 16, the company bought 300,000 shares at an average price of $9.485, which is a discount of nearly 15% of its net asset va

(Aug 14): If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million sf worth of reasons.

SINGAPORE (Aug 11): City Developments has announced a 17.9% drop in 2Q17 earnings to $109.9 million from $133.8 million in 2Q16.

SINGAPORE (Jan 19): City Developments Limited (CDL) has signed an agreement to invest RMB 72 million ($14.8 million) for a 24% stake in Distrii, a leading operator of co-working spaces in China.