Philip Yeo Step Down Cdl Director

Philip Yeo Liat Kok, who currently serves as a non-independent and non-executive director at City Developments, has announced his resignation. His departure will take effect on July 31. The 78-year-old Yeo, a former high-ranking civil servant, was originally appointed to the board in May 2009. He has been a key figure in the company’s leadership, playing a significant role in its development.

Yeo played a pivotal role in supporting executive chairman Kwek Leng Beng during the recent board disputes. In recognition of his contributions, CDL expressed its gratitude for Yeo’s 16 years of exceptional service in their filing to the stock exchange.

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The company also made a recent announcement to undertake an off-market purchase of preference shares. They have offered to buy the shares at a price of 78 cents per share. This move is a testament to CDL’s commitment to further strengthen its position in the industry.

As Yeo bids farewell to CDL after his distinguished tenure, the company and its management express their appreciation for his invaluable contributions throughout his time as a director. Yeo’s departure marks the end of an era, but CDL remains committed to its continued success and growth in the future.