City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook
City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook
Singapore

Singapore property tycoon Sherman Kwek seeks to salvage CDL investment in China

  • The heir to Singapore’s biggest family fortune is under pressure over a 2019 City Developments Ltd joint venture with China’s Sincere Property Group
  • The coronavirus pandemic and tighter borrowing rules governing real estate firms in China have forced losses on the Singaporean company

Topic |   Singapore
City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook
City Developments Ltd. CEO Sherman Kwek, who has been in the role for three years, is facing his biggest challenge yet over a joint venture in China. Photo: Facebook
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