Singapore Developer Spats With China Unit After Bond Lapse

Singapore Developer Spats With China Unit After Bond Lapse
Bloomberg
3/12/2021
Bloomberg News
© Bloomberg
Residential buildings and willow trees stand along a canal in the Yonghegong area of Beijing, China, on Monday, April 16, 2018. New home prices in Beijing and Shanghai have jump more than 25 percent over the last two years.
(Bloomberg) -- An escalating feud between Singapore’s richest property family and its troubled Chinese unit is underscoring the challenges for foreign companies making acquisitions in the world’s second-largest economy.
On Wednesday, Chongqing Sincere Yuanchuang Industrial Co. said its parent City Developments Ltd. delayed decision making, stalling opportunities to raise funds and improve cash flow. CDL responded late Thursday by saying that Sincere’s message contained incorrect information which could mislead people to believe it should take primary responsibility.

Related Keywords

Beijing ,China ,Lianhe ,Guangdong ,Shanghai ,Singapore ,Chinese ,Sherman Kwek ,Wu Xu ,City Developments Ltd ,Bloomberg ,Sincere Yuanchuang Industrial Co ,Bloomberg Residential ,Chongqing Sincere Yuanchuang Industrial ,City Developments ,Lianhe Credit Rating ,Sincere Property ,Executive Officer Sherman Kwek ,Chairman Kwek Leng ,பெய்ஜிங் ,சீனா ,குவாங்டாங் ,ஷாங்காய் ,சிங்கப்பூர் ,சீன ,வு ஐயூ ,நகரம் முன்னேற்றங்கள் லிமிடெட் ,ப்ளூம்பெர்க் ,ப்ளூம்பெர்க் குடியிருப்பு ,நகரம் முன்னேற்றங்கள் ,நேர்மையான ப்ராபர்டீ ,