City Developments Limited (CDL) has set up a special working group to review and improve liquidity and profitability of its 51.01% joint venture (JV) equity investment in Sincere Property Group.
Deloitte China has been engaged as external financial advisor to assist the group. The appointment comes following the appointment of Deloitte & Touche in November 2020 to evaluate CDL’s investment in Sincere Property Group.
