The Business Times
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Father-son feud: BT looks at CDL shares’ highs and lows under Sherman Kwek’s watch

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Tan Weizhen

Published Mon, Mar 3, 2025 · 03:23 PM
    • City Developments Ltd executive chairman Kwek Leng Beng cites several reasons why his son is unfit to run the company in the ongoing battle for board control.
    • City Developments Ltd executive chairman Kwek Leng Beng cites several reasons why his son is unfit to run the company in the ongoing battle for board control. PHOTO: SIMON ANG, BT VISUALS

    IN THE ongoing father-son battle for board control of property giant City Developments Ltd (CDL), executive chairman Kwek Leng Beng cites several reasons why his son, CEO Sherman Kwek, is unfit to run the company.

    One of them is the company’s dismal share price since Sherman Kwek was appointed CEO in 2018.

    The Business Times examines CDL’s share price over the past seven years and the reasons behind the major peaks and troughs.

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    City Developments Ltd (CDL)Singapore Stocks

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