SG-listed CDL buys majority stake in Shenzhen tech park to shore up Chinese JV

SG-listed CDL buys majority stake in Shenzhen tech park to shore up Chinese JV

Singapore-listed property developer City Developments Ltd (CDL) has entered into agreements to acquire a majority stake in Shenzhen technology park from Sincere Property Group and two entities of China Ping An. Sincere Property is its joint venture investment in China.

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