29/07/2021

THAILAND DAILY

NEWSPAPER / MAGAZINE / PUBLISHER

singapore’s-cdl-counts-cost-of-us$1.4-billion-‘cautionary-tale’-investment-in-chinese-developer-sincere-property-group

Singapore’s CDL counts cost of US$1.4 billion ‘cautionary tale’ investment in Chinese developer Sincere Property Group

  • City Developments Ltd last month revealed a writedown on the Chongqing-based developer that led the Singapore firm to suffer a record annual loss
  • The US$1.3 billion impairment serves as a warning to others that investing in the world’s second-largest economy comes with hidden risks

Topic |  
Singapore

E3B1C256-BFCB-4CEF-88A6-1DCCD7666635

Bloomberg

Updated: 12:24pm, 15 Mar, 2021

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