As at 4.02pm, shares in CDL are trading 18 cents lower or 2.3% down at $7.79.
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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.
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