Why CDL's dissident directors were right to quit

Wed, Jan 06, 2021 - 5:50 AM

Unburdened by past internal rancour, CDL's new directors are likely to be more effective in engaging the group's management as they set about putting things right.

PHOTO: BLOOMBERG

THE exodus of directors from the board of City Developments (CDL), over concerns about the company's investment in Chinese real estate developer Sincere Property Group (SPG), may have some investors on tenterhooks.

Yet, combined with remedial steps CDL is already taking, the turnover of...

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