The Business Times
business-time-50

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

Summarise
Jessie Lim

Jessie Lim

Published Thu, Feb 27, 2025 · 01:26 PM
    • 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.
    • 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. PHOTO: HONG LEONG ASIA

    HONG Leong Asia does not see the dispute between CDL’s executive chairman Kwek Leng Beng and his son Sherman Kwek affecting the company despite both groups being part of the same conglomerate.  

    On Thursday (Feb 27), Hong Leong Asia’s chief executive officer Stephen Ho said: “We do not see an impact in terms of Hong Leong Asia’s business.”

    “We have an independent board, we have professionals who are running here,” he added. 

    hong leong asiaCity DevelopmentsFinancial results

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

    HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The judge also rejected Radiant World’s argument that a claim against Glencore for about US$2 billion should be regarded as a “realisable asset”.

    Singapore judge raises doubts iron ore trader Radiant World is owed US$1 billion

    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