Leng Beng not too worried about China

Singapore

KWEK Leng Beng, executive chairman of property and hotels group City Developments Ltd (CDL), said he is not too worried about China's yuan devaluation, which has dented the stock market.

"In fact I'm looking at China, I'm looking at a big deal now, if I can get it, subject to planning permission. I'm going to China, where everybody got so frightened.

"That's how I deal in many overseas investments. When you are frightened, I want to be a contrarian, with good …