Billionaire Kwek Leng Beng’s CDL To Raise $4.7 Billion From Asset Sales In Business Revamp

The divestments would help City Developments—the Singapore-based real estate firm controlled by billionaire Kwek Leng Beng and his family—cut the group’s gearing to about 55% by 2029, from 75% currently.

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Billionaire Kwek Leng Beng’s CDL To Raise $4.7 Billion From Asset Sales In Business Revamp — SignalPop