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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

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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. 

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