Kwek Leng Beng’s cousins, including Quek Leng Chan and Kwek Leng Kee, could swing the tide in battle over control of CDL
Controlling Hong Leong Investment Holdings vital for taking charge of CDL’s board
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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?
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