Key facts
- The Kwek family, controlling City Developments Ltd (CDL), plans to invest US$3.9 billion.
- The investments will be made across Singapore, China, and Japan.
- The move aims to boost confidence in CDL and its subsidiaries.
The Kwek family, the controlling shareholders of Singaporean property developer City Developments Ltd (CDL), is planning a significant investment of US$3.9 billion across Singapore, China, and Japan. This strategic move is intended to bolster confidence in the company and its various subsidiaries.