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CDL's 'game-changing' China deal turns out to be more difficult than expected
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CDL has written off almost all of its $1.8 billion stake in Sincere Property.
PHOTO: ST FILE
SINGAPORE - When City Developments Limited's investment in Chinese developer Sincere Property was announced last April, the move was described as "a historic transformational deal" and "a game-changing investment".
Barely a year later, things have gone south.
