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CDL reviewing asset portfolio and business model

It reports a 60% increase in Q3 net earnings amid strong sales performance in the property development segment and a one-time gain from a divestment

Mr Kwek: "We have an exceptionally robust balance sheet and are building our war chest to capture attractive opportunities during this period of market dislocation."


FRESH from completing the group's third profit participation securities exercise, City Developments Ltd's executive chairman Kwek Leng Beng says the group is reviewing its asset portfolio and business model to boost shareholder returns.

"We are accelerating our...

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