The Business Times

City Developments

Companies & Markets

CDL shares surge over 6% after Philip Yeo exits board

He has previously backed chairman Kwek Leng Beng in his boardroom battle against his son, chief executive officer Sherman Kwek

Will Kwek Leng Beng (above) be able to work harmoniously with Sherman Kwek on the uphill battle to regain investor confidence at CDL? 
Opinion & Features
COMMENTARY

CDL saga: Will peace hold? It’s time for a comprehensive strategic review

Father-son spat has wreaked damage, restoring investor confidence will be an uphill task

Second=generation Kwek family members may hold the keys to the fate of Kwek Leng Beng (pictured) in his tussle with son Sherman Kwek at CDL.
Opinion & Features
COMMENTARY

Kwek Leng Beng’s cousins, including Quek Leng Chan and Kwek Leng Kee, could swing the tide in battle over control of CDL

Controlling Hong Leong Investment Holdings vital for taking charge of CDL’s board

CDL exec chairman Kwek Leng Beng is suing his son and other directors over an "attempted coup” by his son and CEO Sherman Kwek.
Companies & Markets

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

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 b...

CDL executive chairman Kwek Leng Beng is suing his son and group CEO Sherman Kwek over an 'attempted coup'.
Companies & Markets

All in the family: An interactive look at the Kwek clan

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 b...

Dr Wu (front row, right) and CDL exec chairman Kwek Leng Beng at a Millennium Hotels and Resorts London townhall.
Companies & Markets

First meeting with CDL’s Kwek Leng Beng felt like a job interview, says Catherine Wu

Woman named in CDL boardroom tussle talks about her personal and professional life in 2024 talk show

CDL executive chairman Kwek Leng Beng (right) and his son, group chief executive Sherman Kwek.
Companies & Markets

Sherman Kwek saying ‘there was no attempt to oust me misses the point’: CDL chairman Kwek Leng Beng

Director Philip Yeo says the group CEO’s action was an ‘attempt to distract everyone from the matter at hand’

The board of directors of Hong Leong Asia, with executive chairman Kwek Leng Peck seated in the middle. Kwek Pei Xuan is fourth from the right in the back row.
Property

CDL saga has ‘no impact on Hong Leong Asia’, says HLA CEO

The company has been awarded best managed board for companies with a market capitalisation between S$300 million and S$1 billion at the Singapore Corporate Awards

Billionaire Kwek Leng Beng could look to drive value unlocking at CDL if he is firmly in the driver's seat.
Opinion & Features
COMMENTARY

Kwek family feud sours CDL’s prospects, but can catalyse value unlocking

Share price is deeply undervalued, could father-son tussle lead to restructuring or a merger?

Straits Times Index constituents OCBC and City Developments posted earnings that missed analyst expectations on Wednesday.
Companies & Markets

Singapore shares fall as company earnings disappoint; STI down 0.2%

Across the broader market, gainers beat losers 330 to 236, after 1.5 billion securities worth S$1.7 billion change hands

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