CDL saga: Quek Leng Chan possible kingmaker

CDL saga: Quek Leng Chan possible kingmaker


Controlling Hong Leong Investment Holdings vital for taking charge of CDL’s board

BATTLE lines are being drawn in the father-son tussle for control at mainboard-listed real estate player City Developments Ltd (CDL), involving Singapore’s richest clan.

On one side stands 84-year-old executive chairman Kwek Leng Beng, whose name is synonymous with CDL. On the other side stands his son, Sherman Kwek, who is CDL’s group chief executive officer.

With father and son in conflict and the majority of the board backing Sherman Kwek, might Kwek Leng Beng’s position at CDL’s helm be in jeopardy?

Copyright SPH Media. All rights reserved.



Source link

Leave a Reply