Billionaire Kwek Leng Beng's CDL Voices Concerns Over Unconventional Board Changes

Billionaire Kwek Leng Beng's CDL Voices Concerns Over Unconventional Board Changes
11 days ago

In a significant development for City Developments Limited (CDL), billionaire executive chairman Kwek Leng Beng has publicly criticized recent shifts in the company's board composition, claiming that these changes deviate from standard governance practices and could pose challenges for the firm’s strategic direction. This announcement comes at a crucial juncture as the company navigates through a highly competitive real estate market.

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Singapore Billionaire Kwek's Son Sherman Denies Involvement in Alleged Board Coup

Singapore Billionaire Kwek's Son Sherman Denies Involvement in Alleged Board Coup
2 months ago

Sherman Kwek, the son of Singapore's billionaire real estate mogul Kwek Leng Beng, has publicly refuted allegations that he spearheaded a coup to alter the board of directors at their family’s investment company, City Developments Ltd. (CDL). This contentious issue has ignited debates regarding corporate governance and family succession within one of Singapore's most prominent business dynasties.

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