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Scion of Singapore's richest family strives to salvage China deal

SINGAPORE/BEIJING, Jan 19 (Bloomberg): Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the center of an ambitious expansion into China. ....

National University Of Singapore , Singapore General , Kwek Leng Peck , Wang Wenyin , Sherman Kwek , Justin Tang , Wu Xu , Kwek Leng Beng , Sincere Holding Group Co , Boston University , Greenland Holdings Group Co , City Developments Ltd , Sunac China Holdings Ltd , Millennium Copthorne Hotels Ltd , Jinke Properties Group Co , Sincere Property Group , China Evergrande Group , Mak Yuen Teen , National University , Copthorne Hotels Ltd , Chairman Kwek Leng Beng , Chongqing Sincere Holding , Sunac China Holdings , Jinke Properties Group , Samuel Yin , Bloomberg Intelligence ,

Scion of Singapore's richest clan strives to salvage China deal

The Straits Times
Scion of Singapore s richest clan strives to salvage China deal
City Developments Ltd CEO Sherman Kwek spearheaded a deal with Chinese developer Sincere Property Group in 2019.PHOTO: CDL
PublishedJan 19, 2021, 8:25 am SGT
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United Kingdom , National University Of Singapore , Singapore General , Kwek Leng Peck , Wang Wenyin , Sherman Kwek , Justin Tang , Wu Xu , Kwek Leng Beng , Sincere Holding Group Co , Boston University , Jinke Properties Group , City Developments Ltd , Greenland Holdings Group , Millennium Copthorne Hotels Ltd , China Evergrande Group , Sunac China Holdings , Sincere Property Group , Mak Yuen Teen , National University , Copthorne Hotels Ltd , Chongqing Sincere Holding , Samuel Yin , Bloomberg Intelligence , United First Partners , City Developments ,

Scion of Singapore's Richest Family Strives to Salvage China Deal

Scion of Singapore’s Richest Family Strives to Salvage China Deal
Bloomberg
1/19/2021
Yoojung Lee and Faris Mokhtar
(Bloomberg) Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the center of an ambitious expansion into China.
In the past month, Sherman Kwek, the 45-year-old chief executive officer of City Developments Ltd., has had to contend with two more board member resignations, taking the total to three since October. His firm set up a special team to decide on the sale of assets at its joint venture with Sincere Property Group, the Chinese developer that’s driven a rift in the family, and to look at restructuring its liabilities. His father, CDL’s executive chairman, came out to defend the investment. ....

National University Of Singapore , Singapore General , Nicky Loh Bloomberg , Kwek Leng Peck , Wang Wenyin , Sherman Kwek , Justin Tang , Wu Xu , Kwek Leng Beng , Sincere Holding Group Co , Boston University , Bloomberg City Developments Ltd , Greenland Holdings Group Co , City Developments Ltd , Sunac China Holdings Ltd , Millennium Copthorne Hotels Ltd , Jinke Properties Group Co , China Evergrande Group , Sincere Property Group , City Developments , Bloomberg City Developments , Mak Yuen Teen , National University , Copthorne Hotels Ltd , Chairman Kwek Leng Beng , Chongqing Sincere Holding ,

Scion of Singapore's Richest Family Strives to Salva...

Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the center of an ambitious expansion into China. ....

Northern Cape , South Africa , National University Of Singapore , Singapore General , Kwek Leng Peck , Wang Wenyin , Sherman Kwek , Justin Tang , Wu Xu , Kwek Leng Beng , Sincere Holding Group Co , Boston University , Greenland Holdings Group Co , City Developments Ltd , Sunac China Holdings Ltd , Millennium Copthorne Hotels Ltd , Jinke Properties Group Co , Sincere Property Group , China Evergrande Group , Mak Yuen Teen , National University , Copthorne Hotels Ltd , Chairman Kwek Leng Beng , Chongqing Sincere Holding , Sunac China Holdings , Jinke Properties Group ,