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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

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Leslie Yee

Leslie Yee

Published Mon, Mar 3, 2025 · 05:02 PM
    • 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.
    • 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. PHOTO: BT FILE

    BATTLE lines are being drawn in the father-son tussle for control at mainboard-listed real estate player City Developments Ltd (CDL), involving Singapore’s richest clan.

    On one side stands 84-year-old executive chairman Kwek Leng Beng, whose name is synonymous with CDL. On the other side stands his son, Sherman Kwek, who is CDL’s group chief executive officer.

    With father and son in conflict and the majority of the board backing Sherman Kwek, might Kwek Leng Beng’s position at CDL’s helm be in jeopardy?

    City Developments Ltd (CDL)City DevelopmentsKwek Leng BengSherman Kwekhong leong holdings

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