New CDL directors won’t exercise powers until court’s further notice: Kwek Leng Beng

CDL’s board approved the appointments of Jennifer Duong Young (left) and Wong Su-Yen as independent non-executive directors on Feb 7. - CDL

SINGAPORE: The two new directors at City Developments Limited (CDL), who are at the centre of a disagreement between executive chairman Kwek Leng Beng and his son, group chief executive Sherman Kwek, have undertaken not to exercise any powers in their role until further notice by the Singapore court, Kwek Leng Beng said.

The two directors are Jennifer Duong Young and Wong Su-Yen. The CDL board approved their appointments as independent non-executive directors on Feb 7, a move that was questioned by Kwek Leng Beng.