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Singapore billionaire Kwek family’s CDL to sell $2.1B office complex to reduce debt, restore investor confidence after public father-son feud
City Developments will sell its majority stake in a landmark Singapore office complex as it aims to cut debt and regain ...
Billionaire Kwek Family’s CDL Sells Stake In $2.1 Billion Singapore Complex To Malaysia’s IOI Properties
Under the deal, IOI Properties will buy CDL’s 50.1% stake in South Beach in a deal valuing the property at S$2.75 billion ($2 ...