Kwek Leng Beng and son mend CDL dispute

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.
CDL Shares Rise After Singapore Property Billionaire Kwek Leng Beng Drops Case Against Son
Shares of City Developments gained after billionaire Kwek Leng Beng withdrew a lawsuit against his son, keeping the status quo at the Singapore property giant.
Kwek Leng Beng drops legal action, son Sherman stays as CDL CEO
The senior Kwek had earlier sought to remove his son as CEO over an "attempted coup". Read more at straitstimes.com.
Singapore's 4th richest billionaire Kwek Leng Beng drops lawsuit against CEO son to resolve CDL boardroom feud
Singaporean billionaire Kwek Leng Beng, executive chairman of City Developments Limited, has dropped a lawsuit against his son, the company's CEO, seeking to resolve the high-profile boardroom tussle at one of Singapore’s largest property developers.
CDL's Kwek Leng Beng drops legal action against son Sherman 2 weeks after filing suit, says board members united for 'greater good'
Kwek Leng Beng and Sherman Kwek will remain in their roles as CDL executive chairman and group CEO respectively.
CDL shares climb 4% after Kwek Leng Beng discontinues lawsuit against son Sherman Kwek
SINGAPORE] City Developments Ltd (CDL) on Thursday (Mar 13) morning climbed at the opening, following news on Wednesday night that executive chairman Kwek Leng Beng will be discontinuing his lawsuit against his son Sherman Kwek and six other members of the CDL board.
Singapore's City Developments executive chairman drops lawsuit to remove CEO son
City Developments said its executive chairman has dropped a lawsuit against his son, the company's CEO, seeking to resolve a high-profile boardroom tussle at one of Singapore's largest property developers.
CDL shares up more than 4% after Kwek Leng Beng drops lawsuit against son
Even as the court battle between father and son has been discontinued, it “does not fully address the various corporate governance issues and board differences” that were raised, analysts from a brokerage say.
Singapore tycoon Kwek Leng Beng drops lawsuit against CEO son to mend family divide
The move signals a reconciliation between the patriarch and Sherman Kwek, with both remaining in their leadership roles at CDL.
Senior establishment figures mediated between CDL’s Kwek Leng Beng and son Sherman, sources say
They are neutral parties who have kept in touch with both sides and helped broker a deal between the two men. Read more at ...
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CDL directors put stop to legal action, executive chairman Kwek Leng Beng and son Sherman Kwek to retain posts
The boardroom-family saga at City Developments (CDL) has seemingly come to an end, with executive chairman Kwek Leng Beng ...
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