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CDL Director Jenny Lim Quits Board of Singapore Developer

Mingtiandi
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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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CDL posts $1.92b second-half loss after $1.78b writedown of its Sincere Property investment

The Straits Times
CDL said the write-down distorted the group s second-half and full-year results for fiscal 2020.PHOTO: CDL
Vivienne Tay
PublishedFeb 26, 2021, 9:38 am SGT
https://str.sg/JVTp
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including the ST News Tablet worth $398. ....

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Singapore stocks open flat ahead of Georgia election results; STI up 0.01%

Singapore stocks open flat ahead of Georgia election results; STI up 0.01%
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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