Chitchat CDL Write Off $1.78 Billion On Chonging Base Sincere Property Group

[Talking Donkey]

I thought kwek leng beng is a shrewed businessman though i understand that he considers himself semi retire leaving his empire to be run by the younger generation, his children,niece and nephew and because of this saga the siblings were at odds and three has resigned from the CDL board.
Lesson learned, careful when doing business in china cause they will literally swallow you up not leaving any bones behind.
samsters who wanted some investment advice look no further go ask our investment guru leongsam his business acumen is second to none.

https://www.theedgesingapore.com/ne...n&utm_content=https://www.theedgesingapore.co

 

[laksaboy]

More will get burnt in their dealings with China.

 

[Focus]

Guocoland investors maximum huat lately because of the privatization of GL. Malaysia Guocoland Qwek is more outstanding than Singapore City Development Kwek. Even Quek's HL Bank is much larger than Kwek's HL Finance.

Good punishment for Kwek, he refused to repay/redeem the City Development Preference Shares for over a decade despite investors pleading for it at several AGMs.

Now he loses more than that.

 

[syed putra]

More will get burnt in their dealings with China.

Good punishment for Kwek, he refused to repay/redeem the City Development Preference Shares for over a decade despite investors pleading for it at several AGMs.

Looks like some even got burnt in sinkie. No need to go so far.

 

[Focus]

naive will think that Singapore Hong Leong is richer because singapore
hahaha Malaysia Hong Leong is even larger

 

[syed putra]

naive will think that Singapore Hong Leong is richer because singapore
hahaha Malaysia Hong Leong is even larger

Malaysia hong leong got rich after they sold hong kong bank to PAP. I forgot which PAP dept bought it. It was DBS.

 

[Focus]

Malaysia hong leong got rich after they sold hong kong bank to PAP. I forgot which PAP dept bought it. It was DBS.

Hong Leong bank is not owned by DBS.

 

[syed putra]

Hong Leong bank is not owned by DBS.

DBS bought Dao Heng bank in hong kong from guoco group owned by hong leong KL. They used that money to get KL banking license

 

[Focus]

DBS bought Dao Heng bank in hong kong from guoco group owned by hong leong KL. They used that money to get KL banking license

Good point. Dao Heng was like 20 years ago.