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Latest Forum Topics / CityDev    Last:5.9    +0.03  Post Reply
CityDev
finjungle
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18-Jul-2025 14:05     
 
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 Alert Admin 		Good. Should pick up the good crumps in China provided the management is well equip to manage in China

tongphlp      ( Date: 18-Jul-2025 13:39) Posted:

more investments in china coming....

MrBear12      ( Date: 17-Jul-2025 12:03) Posted:

Old wine skins need new win
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tongphlp
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18-Jul-2025 13:39     
 
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 Alert Admin 		more investments in china coming....

MrBear12      ( Date: 17-Jul-2025 12:03) Posted:

Old wine skins need new wine

Workaholic      ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant. 

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.
 
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tongphlp
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17-Jul-2025 18:45     
 
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 Alert Admin 		yes, i' ve also heard about this. but the country or organisation is willing to forgo that for the betterment of the country/organisation. maybe in an MNC where there' s 360 deg feedback he will not be able to stay long?

Workaholic      ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant. 

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.
 

tongphlp      ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies.
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MrBear12
Supreme
17-Jul-2025 12:03     
 
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 Alert Admin 		Old wine skins need new wine

Workaholic      ( Date: 17-Jul-2025 11:29) Posted:

No doubt about it, he was a very successful public servant. 

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.
 

tongphlp      ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies.
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Workaholic
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17-Jul-2025 11:29     
 
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 Alert Admin 		No doubt about it, he was a very successful public servant. 

There is another aspect of him that stands out with people who I' ve interacted with him. He has such a big ego that it flawed his character to the point of being arrogant, impatient and worst still disrespectful. In casual interactions, his taunting can be very hurtful and lacked class. In short, very childish.

This is something he should be aware of and make amends before time runs out.
 

tongphlp      ( Date: 17-Jul-2025 11:09) Posted:

without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies..

finjungle      ( Date: 17-Jul-2025 10:46) Posted:

With due respect to all, Mr Philip Yeo is a man with conviction and principle. He did what he opened said at the last AGM. 

With his years of experience dealing with certain top world leaders he could have provided invaluable insights of risks and factors affecting our world. He was not the stereotype civil servant. 

The new IDs could hardly hold their candles. 

A rare opportunity missed 
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tongphlp
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17-Jul-2025 11:20     
 
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 Alert Admin 		pretty sure along with the departure of PY, those who are with him on his side would slowly exit or be shown the door...
a new regime...

Joelton      ( Date: 17-Jul-2025 10:58) Posted:

CDL shares surge over 6% after Philip Yeo exits board
He has previously backed chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek
 
[SINGAPORE] Shares of City Development Limited (CDL) : C09 +5.92% rose more than 6 per cent on Wednesday (Jul 16), after the property conglomerate said on Tuesday evening that Philip Yeo will be retiring.
 
Yeo had served on CDL&rsquo s board for 16 years since May 2009, and will retire from his position as a non-independent non-executive director on Jul 31. He had backed executive chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek, earlier this year.
 
As at 9.01 am, the group&rsquo s shares were up 4.1 per cent at S$5.80, before hitting an intra-day high of S$5.95 by 9.41 am, up 6.8 per cent.
 
The price dipped to S$5.88 as at 9.50 am, before rising to trade 6.5 per cent or S$0.36 higher at S$5.93 as at 2.13 pm, after 7.2 million securities changed hands.
 
The departure of Yeo comes three months after CDL&rsquo s annual general meeting (AGM), when he vocally rallied shareholders against &ldquo bullying&rdquo by majority directors. 
 
He had openly urged shareholders at the AGM to reject the re-election of four directors, comprising two new appointees Jennifer Young and Wong Su Yen, and two independents Daniel Desbaillets and Wong Ai Ai.
 
Yeo&rsquo s objections centred on governance lapses, notably that Young and Wong Su Yen&rsquo s appointments on Feb 7 bypassed the nominating committee &ndash a key point in the elder Kwek&rsquo s original lawsuit against CEO Sherman Kwek, which erupted on Feb 26.
 
The CDL feud began to subside after a major turning point on Mar 4, when the property giant announced the &ldquo irrevocable resignation&rdquo of Catherine Wu as an unpaid independent adviser to CDL&rsquo s hotel arm, Millennium & Copthorne Hotels. Wu&rsquo s long relationship with Kwek Leng Beng had caused the rift within the CDL group.
 
Yeo, 78, was the former executive chairman and subsequently executive co-chairman of Economic Development Board between 1986 and 2006. He was also formerly a special adviser for economic development in the Prime Minister&rsquo s Office from 2007 to 2011. After exiting CDL&rsquo s board, Yeo will remain on the board of 20 other companies, including IndoFood Agri Resources, QAF and Sunway.
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tongphlp
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17-Jul-2025 11:09     
 
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 Alert Admin 		without PY there would have been no EDB....
slowly, we are losing the old guards..granted they have their own views..
PY has no concern as he still holds directorship with so many other companies..

finjungle      ( Date: 17-Jul-2025 10:46) Posted:

With due respect to all, Mr Philip Yeo is a man with conviction and principle. He did what he opened said at the last AGM. 

With his years of experience dealing with certain top world leaders he could have provided invaluable insights of risks and factors affecting our world. He was not the stereotype civil servant. 

The new IDs could hardly hold their candles. 

A rare opportunity missed 

tongphlp      ( Date: 17-Jul-2025 10:32) Posted:

with due respect, he belongs to the Old Guard....eat salt more than rice...been thru more than SK..
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Joelton
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17-Jul-2025 10:58     
 
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 Alert Admin
CDL shares surge over 6% after Philip Yeo exits board
He has previously backed chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek
 
[SINGAPORE] Shares of City Development Limited (CDL) : C09 +5.92% rose more than 6 per cent on Wednesday (Jul 16), after the property conglomerate said on Tuesday evening that Philip Yeo will be retiring.
 
Yeo had served on CDL&rsquo s board for 16 years since May 2009, and will retire from his position as a non-independent non-executive director on Jul 31. He had backed executive chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek, earlier this year.
 
As at 9.01 am, the group&rsquo s shares were up 4.1 per cent at S$5.80, before hitting an intra-day high of S$5.95 by 9.41 am, up 6.8 per cent.
 
The price dipped to S$5.88 as at 9.50 am, before rising to trade 6.5 per cent or S$0.36 higher at S$5.93 as at 2.13 pm, after 7.2 million securities changed hands.
 
The departure of Yeo comes three months after CDL&rsquo s annual general meeting (AGM), when he vocally rallied shareholders against &ldquo bullying&rdquo by majority directors. 
 
He had openly urged shareholders at the AGM to reject the re-election of four directors, comprising two new appointees Jennifer Young and Wong Su Yen, and two independents Daniel Desbaillets and Wong Ai Ai.
 
Yeo&rsquo s objections centred on governance lapses, notably that Young and Wong Su Yen&rsquo s appointments on Feb 7 bypassed the nominating committee &ndash a key point in the elder Kwek&rsquo s original lawsuit against CEO Sherman Kwek, which erupted on Feb 26.
 
The CDL feud began to subside after a major turning point on Mar 4, when the property giant announced the &ldquo irrevocable resignation&rdquo of Catherine Wu as an unpaid independent adviser to CDL&rsquo s hotel arm, Millennium & Copthorne Hotels. Wu&rsquo s long relationship with Kwek Leng Beng had caused the rift within the CDL group.
 
Yeo, 78, was the former executive chairman and subsequently executive co-chairman of Economic Development Board between 1986 and 2006. He was also formerly a special adviser for economic development in the Prime Minister&rsquo s Office from 2007 to 2011. After exiting CDL&rsquo s board, Yeo will remain on the board of 20 other companies, including IndoFood Agri Resources, QAF and Sunway.
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finjungle
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17-Jul-2025 10:46     
 
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 Alert Admin 		With due respect to all, Mr Philip Yeo is a man with conviction and principle. He did what he opened said at the last AGM. 

With his years of experience dealing with certain top world leaders he could have provided invaluable insights of risks and factors affecting our world. He was not the stereotype civil servant. 

The new IDs could hardly hold their candles. 

A rare opportunity missed 

tongphlp      ( Date: 17-Jul-2025 10:32) Posted:

with due respect, he belongs to the Old Guard....eat salt more than rice...been thru more than SK...

Workaholic      ( Date: 17-Jul-2025 09:48) Posted:

Philip Yeo is not needed. CDL price all soar past $10 easily from here on
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tongphlp
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17-Jul-2025 10:32     
 
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 Alert Admin 		with due respect, he belongs to the Old Guard....eat salt more than rice...been thru more than SK...

Workaholic      ( Date: 17-Jul-2025 09:48) Posted:

Philip Yeo is not needed. CDL price all soar past $10 easily from here on.

tongphlp      ( Date: 17-Jul-2025 09:29) Posted:

shd test if indeed the shares soared due to PY stepping down....reinstate him.
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Workaholic
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17-Jul-2025 09:48     
 
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 Alert Admin 		Philip Yeo is not needed. CDL price all soar past $10 easily from here on.

tongphlp      ( Date: 17-Jul-2025 09:29) Posted:

shd test if indeed the shares soared due to PY stepping down....reinstate him..

beng1102      ( Date: 16-Jul-2025 20:28) Posted:

Should have stepped down LONG LONG LONG LONG time ago. Garbage
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tongphlp
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17-Jul-2025 09:29     
 
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 Alert Admin 		shd test if indeed the shares soared due to PY stepping down....reinstate him..

beng1102      ( Date: 16-Jul-2025 20:28) Posted:

Should have stepped down LONG LONG LONG LONG time ago. Garbage!

moonsun      ( Date: 15-Jul-2025 22:00) Posted:

Philip Yeo to step down from CDL board after fiery AGM showdown
https://bt.sg/z5rR

Cdl will rally
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tongphlp
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17-Jul-2025 09:01     
 
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 Alert Admin 		so SK can bring in his own generals and build his own kakis! there' s no stopping SK now!

luckyguy3      ( Date: 16-Jul-2025 00:19) Posted:

[SINGAPORE] City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng&rsquo s bitter boardroom battle against his son, chief executive officer Sherman Kwek, in early 2025.

Hmm.. I thought Shermen Kwek step down is good news instead? The CEO that caused billion dollars loss? 
Why Philip Yeo, supporter of the daddy stepping down is good news?
 

moonsun      ( Date: 15-Jul-2025 22:00) Posted:

Philip Yeo to step down from CDL board after fiery AGM showdown
https://bt.sg/z5rR

Cdl will rally
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tongphlp
Supreme
17-Jul-2025 08:58     
 
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 Alert Admin 		haha

Fataaa      ( Date: 16-Jul-2025 19:57) Posted:

if the son resign amybe can go up to $9 lol
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beng1102
Elite
16-Jul-2025 20:28     
 
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 Alert Admin 		Should have stepped down LONG LONG LONG LONG time ago. Garbage!

moonsun      ( Date: 15-Jul-2025 22:00) Posted:

Philip Yeo to step down from CDL board after fiery AGM showdown
https://bt.sg/z5rR

Cdl will rally
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Fataaa
Senior
16-Jul-2025 19:57     
 
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 Alert Admin 		if the son resign amybe can go up to $9 lol
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MrBear12
Supreme
16-Jul-2025 18:02     
 
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 Alert Admin 		Tmr a good chance to clear 6.

Stay invested.

Let's go!

MrBear12      ( Date: 02-Jul-2025 16:04) Posted:

Heading towards six

MrBear12      ( Date: 06-Jun-2025 09:14) Posted:

You shout 6

Stick with


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ruanlai
Elite
16-Jul-2025 15:45     
 
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 Alert Admin 		CDL mother share up 35c, will CDL Hosp. Trust the next one to go up.

dyodd 
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Workaholic
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16-Jul-2025 15:37     
 
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 Alert Admin 		Whatever the reason.. the reason, the majority had spoken. Removing Phillip was the right move. Clearly he is more than worthless - he is a liability ! With him removed CDL will be removed of the burden. Well done Sherman for your master stroke!!?

Cadence88      ( Date: 16-Jul-2025 15:12) Posted:

because uncertainty removed ?

luckyguy3      ( Date: 16-Jul-2025 00:19) Posted:

[SINGAPORE] City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng&rsquo s bitter boardroom battle against his son, chief executive officer Sherman Kwek, in early 2025.

Hmm.. I thought Shermen Kwek step down is good news instead? The CEO that caused billion dollars loss? 
Why Philip Yeo, supporter of the daddy stepping down is good news?
 
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Cadence88
Veteran
16-Jul-2025 15:12     
 
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 Alert Admin 		because uncertainty removed ?

luckyguy3      ( Date: 16-Jul-2025 00:19) Posted:

[SINGAPORE] City Developments Ltd (CDL) announced the retirement of Philip Yeo, who notably backed executive chairman Kwek Leng Beng&rsquo s bitter boardroom battle against his son, chief executive officer Sherman Kwek, in early 2025.

Hmm.. I thought Shermen Kwek step down is good news instead? The CEO that caused billion dollars loss? 
Why Philip Yeo, supporter of the daddy stepping down is good news?
 

moonsun      ( Date: 15-Jul-2025 22:00) Posted:

Philip Yeo to step down from CDL board after fiery AGM showdown
https://bt.sg/z5rR

Cdl will rally
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