CDL executive chairman Kwek Leng Beng (left) files court case against son and group CEO Sherman Kwek over 'attempted coup'. - ST
SINGAPORE: A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Wednesday (Feb 26) with executive chairman Kwek Leng Beng publicly criticising his son Sherman Kwek, who is CDL’s group chief executive.
The older Kwek said he has filed court papers on Feb 26 to deal with the “attempted coup” by his son Sherman Kwek, 49, Philip Lee and Wong Ai Ai and a group of directors acting with them to allegedly consolidate control of CDL’s board.
