Singapores Feuding Clan Is Testing Investors Patience
All this public airing of family laundry is taking place against the backdrop of a botched China expansion. The investment was Kwek juniors first big test since being named CEO of City Developments in 2018, and led to a S$1.9 billion ($1.4 billion) loss in 2020, the first for Singapores largest publicly listed builder since the early 1970s.
Posted by Hicham ALAOUI RIZQ on 2025, Mar 02
Introduction
All this public airing of family laundry is taking place against the backdrop of a botched China expansion. The investment was Kwek juniors first big test since being named CEO of City Developments in 2018, and led to a S$1.9 billion ($1.4 billion) loss in 2020, the first for Singapores largest publicly listed builder since the early 1970s.
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