Philip Yeo Step Down Cdl Director

Philip Yeo Liat Kok, a non-independent and non-executive director of City Developments, has announced his resignation from his position. Effective as of July 31, Yeo will be stepping down from the board after serving since May 2009.

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At 78 years old, Yeo is a former top civil servant and has been a valuable member of the board. He was notably aligned with executive chairman Kwek Leng Beng during the recent disputes within the board earlier this year.

In a statement to the stock exchange, CDL expressed their gratitude for Yeo’s 16 years of distinguished service and recognized his significant contributions during his tenure as a director.

CDL has also recently announced their plan to undertake an off-market purchase of preference shares and has offered 78 cents each. This article was originally published on https://www.theedgesingapore.com/news/cdl-saga/philip-yeo-step-down-cdl-director, and can be found at https://www.theedgesingapore.com/news/cdl-saga/philip-yeo-step-down-cdl-director.