CDL executive chairman Kwek Leng Beng (left) has filed court papers against his son and group CEO Sherman Kwek (right). - LIANHE ZAOBAO FILE By Angela Tan
SINGAPORE: Sherman Kwek, group chief executive officer of City Developments Limited (CDL), on Wednesday (Feb 26) expressed his disappointment over the “extreme actions” taken by his father Kwek Leng Beng over a disagreement around the size and make-up of the board of the property group.
“It is incredibly disappointing that our chairman and a minority of the CDL board have decided to take these extreme actions regarding this disagreement around the size and make-up of the CDL board,” said Sherman Kwek in a statement on behalf of the majority of the CDL board of directors.
