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Singapore’s 4th richest billionaire Kwek Leng Beng receives $4.5M remuneration from CDL after boardroom feud with CEO son

Singapore’s 4th richest billionaire Kwek Leng Beng receives $4.5M remuneration from CDL after boardroom feud with CEO son

Kwek Leng Beng, executive chairman of CDL, received reduced remuneration of S$5.97 million (US$4.55 million) for 2024 after a boardroom tussle with his son dragged down the firm’s share price.
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

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

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
Catherine Wu: The ‘eyes and ears’ of Singapore's 4th richest billionaire Kwek Leng Beng

Catherine Wu: The ‘eyes and ears’ of Singapore's 4th richest billionaire Kwek Leng Beng

Catherine Wu, who is at the center of a high-profile boardroom dispute at property giant City Developments Limited between its executive chairman Kwek Leng Beng and his CEO son, serves as the tycoon's "eyes and ears".
March 3, 2025 | 05:33 am 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
How Catherine Wu went from musician to adviser to Singapore’s 4th richest billionaire Kwek Leng Beng

How Catherine Wu went from musician to adviser to Singapore’s 4th richest billionaire Kwek Leng Beng

Catherine Wu, adviser to Singaporean billionaire Kwek Leng Beng, shared insights into her life before meeting him in a TV interview with Taiwanese host Paul Lee.
March 2, 2025 | 08:54 pm 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
5 key insights from feud between Singapore's 4th richest man Kwek Leng Beng and CEO son at CDL

5 key insights from feud between Singapore's 4th richest man Kwek Leng Beng and CEO son at CDL

A power struggle at Singapore-listed property firm City Developments Limited (CDL) has put a spotlight on the father-son conflict at the heart of the company.
February 28, 2025 | 02:49 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
Closer look at key figures in CDL’s family business empire of Singapore’s 4th richest billionaire Kwek Leng Beng

Closer look at key figures in CDL’s family business empire of Singapore’s 4th richest billionaire Kwek Leng Beng

More than 15 members of the Kwek family are part of Hong Leong Group, which controls City Developments Limited, now at the center of a dispute between chairman Kwek Leng Beng and CEO Sherman Kwek.
February 27, 2025 | 03:12 pm PT
Experts share insights on dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

Experts share insights on dispute between Singapore’s 4th richest billionaire Kwek Leng Beng and CEO son

Analysts say City Developments Limited (CDL) remains stable despite a legal battle between chairman billionaire Kwek Leng Beng and his son, CEO Sherman Kwek, though corporate governance concerns persist.
February 27, 2025 | 01:38 am 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
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