The Business Times
business-time-50

Dynasty: Who’s who in the Kwek family tree behind CDL, Hong Leong

Summarise
google-preferred-sourceAdd BT as a preferred source
Published Sat, Mar 1, 2025 · 08:59 AM — Updated Mon, Mar 3, 2025 · 10:36 AM
    • CDL exec chairman Kwek Leng Beng is suing his son and other directors over an "attempted coup” by his son and CEO Sherman Kwek.
    • CDL exec chairman Kwek Leng Beng is suing his son and other directors over an "attempted coup” by his son and CEO Sherman Kwek. BT Visual
    Kwek Family Tree.pdf

    AS THE boardroom tussle at CDL hots up, pitting executive chairman Kwek Leng Beng against his son and CEO Sherman Kwek and other board members, The Business Times takes a look at how family ties and business interests are inextricably linked. 

    At the first generation level, there is Kwek Hong Png who established the Hong Leong group of companies in 1941. He had a sister and three brothers.

    Who’s who in the Kwek clan behind CDL ARTWORK: TEOH YI CHIE, BT

    Kwek Hong Png’s son Kwek Leng Beng is very much the head of the family business in Singapore. The various businesses include property developer City Developments, CDL Hospitality Trusts, Hong Leong Asia and Hong Leong Finance. 

    City Developments Ltd (CDL)City Developments

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More