CDL

Market Insights

Not SGX’s fault if stocks have no liquidity, says chairman: Markets this week

In taking full control of the Starbucks business, DFI will transfer its 50% stake in Maxim’s to Hongkong Caterers for US$340 million in cash.

A year on since the Kwek family feud, CDL is in better shape. So why is its share price falling?

CDL executive chairman Kwek Leng Beng (right) and his son, group CEO Sherman Kwek, at the hotel and property group’s annual general meeting in April.

CDL to unlock hidden empire worth $6b for growth, targets dividend payout of at least 35%

In addition to the divestment proceeds, CDL expects more than $6 billion of projected cash inflows through to fiscal year 2029 from property development sales

CDL triples first-half profit to $300m on strong residential property performance

City Developments Limited declared an interim dividend of six cents per share, double the amount paid in the first half of 2025.

Kwek Leng Peck, cousin of Kwek Leng Beng, appointed vice-chairman of CDL

Mr Kwek Leng Peck is the cousin of billionaire CDL executive chairman Kwek Leng Beng and the uncle of group chief executive Sherman Kwek.

Governance concerns, company review among issues raised at CDL AGM

Shareholders questioned the role of CDL's directors and the progress of a strategic review.

CDL hotel unit sees board reshuffle with two new directors, four exits

The hotel subsidiary of CDL says the new appointments will further strengthen the board's commercial and strategic capabilities.

CDL responds to shareholder questions on dividend policy and property outlook

CDL said it will continue to assess if there is scope for higher payouts to shareholders.

Three directors quit CDL hotel unit: Who are they?

Their resignations come about a year after they were appointed in the midst of the family feud in 2025.

Directors quit CDL hotel unit linked to billionaire Kwek family feud

City Developments said in an April 22 filing that Ms Jennifer Duong Young, Mr Daniel Desbaillets and Ms Wong Ai Ai resigned.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.