"Chairman Kwek Leng Beng "noted that the residential market has been performing well though he cautioned that if property prices continue to rise, there may be a time that further cooling measures could be introduced to control the prices," records from the company's annual shareholder meeting show. "
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"At last month's earnings briefing, chairman and family patriarch Kwek Leng Beng said CDL needed the consent of Sincere's founder and chairman Wu Xu to monetize its numerous portfolio assets. "
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"But when CDL reported the S$1.78 billion writedown last month, Chairman Kwek Leng Beng -- Sherman's father -- hinted that things weren't going smoothly. "
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"The situation is fluid and we remain focused on completing our strategic review and embarking on further corporate action, whilst prioritizing shareholder value preservation," Chairman Kwek Leng Beng said."
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"In a letter sent to local media editors earlier this month, CDL Executive Chairman Kwek Leng Beng called the recent departures an opportunity to renew its board and said the Sincere investment had to be viewed "against the backdrop of a fast-changing business environment, made even more challenging by the global pandemic."
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