CDL sells Sincere stake for US$1 after hefty write-off

2021-09-12

September 13, 2021 8:11 AM

SINGAPORE (THE BUSINESS TIMES, BLOOMBERG ) – City Developments (CDL) is selling its stake in Sincere Property Group for US$1, as it ends the tumultuous backing of the cash-strapped Chinese developer.

Source : http://www.straitstimes.com/business/companies-markets/cdl-sells-sincere-stake-for-us1-after-hefty-write-off

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CDL sells Sincere stake for US$1 after hefty write-off

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