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sincere property group
Results
CDL says it expects to record 'material impairment loss' on Sincere investment
As at Dec 31, 2020, CDL’s total investment in Sincere Property stands at $1.8 billion.
January 21, 2021
Company in the news
CDL appoints special working group to review and improve liquidity and profitability for Sincere Property Group
As at 4.02pm, shares in CDL are trading 18 cents lower or 2.3% down at $7.79.
January 04, 2021
Company in the news
Third CDL director resigns in relation to Sincere Property investment
CDL has since appointed Lee Jee Cheng Philip as independent non-executive director on Jan 4 to replace her role.
January 04, 2021
Company in the news
Another CDL director resigns in relation to Sincere Property investment
Koh's resignation comes two months after Kwek Leng Peck stepped down as non-executive and non-independent director of CDL.
December 30, 2020
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
Is CDL oversold following the family disagreements over Sincere and M&C?
Kwek Leng Peck of City Developments steps down as director over disagreements with Chinese investment and M&C strategy
October 23, 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
M&A
City Dev to acquire 51.01% joint controlling interest in China’s Sincere Property Group for $0.88 bil
City Developments (CDL) announced Wednesday it has just acquired 51.01% joint controlling interest in China’s Sincere Property Group for an initial investment of RMB 4.39 billion ($0.88 billion).
April 15, 2020