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City Developments
Senior establishment figures reportedly mediated truce between Singapore's 4th richest billionaire Kwek Leng Beng and son

Senior establishment figures reportedly mediated truce between Singapore's 4th richest billionaire Kwek Leng Beng and son

Senior establishment figures and trusted family friends reportedly helped mediate a halt to the public boardroom feud between Singaporean billionaire Kwek Leng Beng and his son at property giant City Developments Limited.
Singapore's 4th richest billionaire Kwek Leng Beng drops lawsuit against CEO son to resolve CDL boardroom feud

Singapore's 4th richest billionaire Kwek Leng Beng drops lawsuit against CEO son to resolve CDL boardroom feud

Shareholders question Catherine Wu’s role, new directors’ appointment at CDL of Singapore’s 4th richest man Kwek Leng Beng

Shareholders question Catherine Wu’s role, new directors’ appointment at CDL of Singapore’s 4th richest man Kwek Leng Beng

Catherine Wu, adviser at center of boardroom dispute between Singapore's 4th richest billionaire Kwek Leng Beng and son, resigns from CDL subsidiary

Catherine Wu, adviser at center of boardroom dispute between Singapore's 4th richest billionaire Kwek Leng Beng and son, resigns from CDL subsidiary

Catherine Wu, long-time adviser to Singaporean billionaire Kwek Leng Beng said to be the reason behind the tycoon’s feud with his son Sherman Kwek, has resigned from her role at City Developments Limited’s subsidiary.
March 4, 2025 | 07:09 pm PT
The rise and fall of CDL amid family dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

The rise and fall of CDL amid family dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

Singapore-based City Developments Limited grew from an unprofitable business into a S$4.6 billion (US$3.4 billion) giant over several decades before the recent feud between its two top executives from the billionaire Kwek family.
March 3, 2025 | 03:49 am PT
CEO son Sherman Kwek taps top litigator Davinder Singh for legal battle against father, Singapore’s 4th richest billionaire Kwek Leng Beng

CEO son Sherman Kwek taps top litigator Davinder Singh for legal battle against father, Singapore’s 4th richest billionaire Kwek Leng Beng

Property giant City Developments Limited’s group CEO Sherman Kwek has recruited legal powerhouse Davinder Singh into his legal team amid the ongoing legal battle with his father, Singaporean billionaire Kwek Leng Beng, over control of the firm’s board.
March 3, 2025 | 01:02 am PT
Property giant CDL’s shares plummet as trade resumes amid feud between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

Property giant CDL’s shares plummet as trade resumes amid feud between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

Property giant City Developments Limited’s shares plunged on Monday as trading resumed after a three-day suspension triggered by an ongoing boardroom dispute between Singaporean billionaire Kwek Leng Beng and his son, the firm’s group CEO.
March 2, 2025 | 07:51 pm PT
How Singapore’s 4th richest billionaire Kwek Leng Beng's leadership and succession views shape CDL’s family dispute

How Singapore’s 4th richest billionaire Kwek Leng Beng's leadership and succession views shape CDL’s family dispute

Kwek Leng Beng, the Singaporean billionaire suing his son for an alleged power grab at the board of property giant City Developments Limited, has a direct and pragmatic approach to business and succession.
March 2, 2025 | 03:12 pm PT
CEO Sherman Kwek should prioritize recovering $1.4B loss, says director siding with Singapore’s 4th richest man Kwek Leng Beng

CEO Sherman Kwek should prioritize recovering $1.4B loss, says director siding with Singapore’s 4th richest man Kwek Leng Beng

A director of City Developments Limited who supports chairman Kwek Leng Beng has called on CEO Sherman Kwek to focus on resolving a SGD1.9 billion (US$1.4 billion) debt occurred from a failed China investment.
February 28, 2025 | 07:31 pm PT
Timeline of CDL control battle between Singapore’s 4th richest man Kwek Leng Beng and CEO son Sherman

Timeline of CDL control battle between Singapore’s 4th richest man Kwek Leng Beng and CEO son Sherman

The battle for control property developer City Developments Limited (CDL) has escalated in the last four weeks, with billionaire Kwek Leng Beng seeking court intervention to prevent an alleged "coup" by his son Sherman.
February 28, 2025 | 03:00 am PT
Singapore’s 4th richest man Kwek Leng Beng’s son blames father’s adviser Catherine Wu for boardroom dispute at CDL

Singapore’s 4th richest man Kwek Leng Beng’s son blames father’s adviser Catherine Wu for boardroom dispute at CDL

Sherman Kwek, son of billionaire Kwek Leng Beng and group CEO of property giant City Developments Limited, said his father’s adviser, Catherine Wu, is the source of the ongoing boardroom conflict at the firm.
February 27, 2025 | 08:26 pm PT
Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng

Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng

Singaporean billionaire Kwek Leng Beng spent over 60 years building up the country’s biggest property developer City Developments Ltd, but an ongoing feud with his son Sherman is now shaking up his US$18 billion empire.
February 27, 2025 | 03:14 pm PT
City Developments' trading suspended amid Singapore's 4th richest man Kwek Leng Beng's family feud

City Developments' trading suspended amid Singapore's 4th richest man Kwek Leng Beng's family feud

Singapore's City Developments was plunged into a power struggle on Wednesday and suspended trading after its executive chairman accused his son, the company's CEO, of plotting a boardroom coup.
February 26, 2025 | 11:13 pm PT
New directors at center of Singapore’s 4th richest billionaire Kwek Leng Beng’s dispute with son agree not to exercise power

New directors at center of Singapore’s 4th richest billionaire Kwek Leng Beng’s dispute with son agree not to exercise power

Singapore-based property giant City Developments Limited’s two new directors, who are involved in the conflict between billionaire Kwek Leng Beng and his son, have agreed not to take further actions until further court notice.
February 26, 2025 | 08:32 pm PT
Singapore billionaire Kwek Leng Beng’s company begins selling prime condos

Singapore billionaire Kwek Leng Beng’s company begins selling prime condos

A company controlled by billionaire property tycoon Kwek Leng Beng will start selling premium condos in central Singapore in the next two weeks as the local housing market shows signs of recovering.
January 3, 2025 | 12:13 am PT
 
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