Sherman Kwek

Philip Yeo to step down from CDL board

Departure comes three months after CDL’s annual general meeting, when he rallied shareholders against ‘bullying’ by majority directors

CDL believes its share price takes a relatively bigger hit compared to its peers in the face of adverse developments for the sector because it is often considered the “barometer of Singapore’s residential market”.

CDL answers shareholders’ concerns on NAV-share price gap, board cohesion, Sherman Kwek’s strategy

The board cites macroeconomic challenges, omission from MSCI index for disproportionate share price drop

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

All the board members have agreed to put aside their differences for the greater good of CDL and its stakeholders, says Kwek Leng Beng.

CDL executive chairman Kwek Leng Beng drops lawsuit against son Sherman Kwek

All current directors will remain on the company’s board, and the younger Kwek will continue as group CEO

The firm has lost about 60 per cent, or nearly S$7 billion, in market value since the younger Kwek took the helm in 2018.

Singapore’s CDL loses top developer spot after family feud

The tussle prompted downgrades from analysts, including those at JPMorgan Chase and UOB-Kay Hian Holdings

The conflict between Kwek Leng Beng (right) and Sherman Kwek moves into Singapore’s Supreme Court on Mar 4, when a closed-door case conference will be heard.

Kwek vs Kwek: CDL court hearing, trading status in spotlight this week

All eyes are on the company’s shares, which are expected to resume trading on Mar 3, with corporate governance under scrutiny and succession now at stake

CDL executive chairman Kwek Leng Beng said he has filed court papers on Feb 25 to deal with the “attempted coup” by his son and group chief executive, Sherman Kwek.

CDL bypass of nominating committee may seem ‘unusual’ but current rules open to interpretation: observers

Court can determine if directors’ appointments are in accordance with company’s constitution

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

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.

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