Third CDL director resigns; firm sets up group to focus on contentious Sincere investment
Add BT as a preferred source
Singapore
ANOTHER director of City Developments Limited (CDL), Tan Yee Peng, has resigned, while the company said it has set up a special working group that will focus on improving Sincere Property Group's liquidity and profitability.
Options include a review of potential divestments of assets and the restructuring of existing liabilities of the China-based real estate group, CDL said on Monday.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Single founders, billion-dollar valuations: AI is minting unicorn startups at birth
