{
  "id": 10485601,
  "title": "Billionaire Kwek Leng Beng’s CDL To Raise $4.7 Billion From Asset Sales In Business Revamp",
  "url": "https://urgent.news/2026/09/28/billionaire-kwek-leng-bengs-cdl-to-raise-4-7-billion-from-asset-sales",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T14:49:39.000Z",
  "source": {
    "name": "Forbes",
    "slug": "forbes",
    "url": "https://www.forbes.com/sites/yessarrosendar/2026/09/28/billionaire-kwek-leng-bengs-cdl-to-raise-47-billion-from-asset-sales-in-business-revamp/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The divestments would help City Developments—the Singapore-based real estate firm controlled by billionaire Kwek Leng Beng and his family—cut the group’s gearing to about 55% by 2029, from 75% currently.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}