With effect from June 1, Leng Peck will be CDL's vice chairman and non-executive director.
Tabitha Foo of DBS Group Research has maintained her positive view on City Developments after news that Kwek Leng Peck - "an experienced steward" - has rejoined the company's board after six years.
Leng Peck, cousin of executive chairman Kwek Leng Beng and uncle of group CEO Sherman Kwek, had previously served on CDL's board from 1987 to 2020, before leaving after he disagreed with the controversial acquisition of China-based Sincere Property Group, which ended badly for CDL.
