asia

CDL, Sincere in war of words over liquidity woes


Sincere Property Group was already one of the largest real estate developers in Chongqing in central China before it made headlines here when Singapore property giant City Developments’ (CDL) investment in the Chinese developer came under scrutiny.

Sincere, which owns and operates properties in about 20 cities in China, has reportedly been facing liquidity challenges, noted analysts and the Chinese media.

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