Singapore Billionaire Kwek Leng Beng’s City Developments To Post Losses Amid China Woes, Covid-19 Lockdowns

City Developments—controlled by billionaire Kwek Leng Beng—said Friday the property developer will report further losses in the first half this year amid the lingering impact Covid-19 lockdowns and financial troubles at Chinese subsidiary Sincere Property Group.

Source: https://www.forbes.com/sites/jonathanburgos/2021/08/07/singapore-billionaire-kwek-leng-bengs-city-developments-to-post-losses-amid-china-woes-covid-19-lockdowns/

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