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CDL Files for Singapore REIT IPO of London Properties

Fourth director resigns from City Developments board

The Straits Times CDL said that Lim Yin Nee Jenny resigned as an independent non-executive director on Monday.PHOTO: CDL Lee Meixian https://str.sg/JtSk They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398.

CDL Director Jenny Lim Quits Board of Singapore Developer

Mingtiandi Username Jenny Lim Yin Nee is one of five directors to leave CDL’s nine-person board since October A fourth director has resigned from the board of City Developments Ltd (CDL) after the troubled Singapore development titan reported a loss attributable to shareholders of S$1.9 billion ($1.4 billion) in 2020. Jenny Lim Yin Nee ended her role as CDL’s lead independent director as of 3 May, with the non-executive board member following three other director resignations and one retirement in the wake of the company’s cash-devouring investment in mainland developer Sincere Property Group last year. In a statement, CDL said: “Having fulfilled the responsibilities in her various roles during her tenure as an Independent Non-Executive Director, Ms Lim is of the view that it is appropriate for her to step down in the light of contributions from the Board’s new Independent Directors.”

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