Comment & Analysis
Singapore Billionaire Kwek Leng Beng’s CDL Eyes More Global Acquisitions Despite Soaring Interest Rates
Singapore-based City Developments Ltd. —controlled by billionaire Kwek Leng Beng—will continue to look for overseas acquisitions even as soaring interest rates are starting to dampen the property group’s earnings. “I would like to grab opportunities whether it’s in the U.K., Asia, or America,” Kwek, 82, executive chairman of CDL, said…
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