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Billionaire Kwek Leng Beng’s CDL Halts Plan To List U.K. Properties In Singapore Amid Challenging Market

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Billionaire Kwek Leng Beng’s CDL Halts Plan To List U.K. Properties In Singapore Amid Challenging Market


City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and macroeconomic headwinds. The company aimed to raise about 500 million pounds ($607 million) from…

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