CDL executive chairman Kwek Leng Beng (left), seen with his son Sherman Kwek, at the launch of his biography in Chinese on Sept 26, 2024. - Photo: Lianhe Zaobao
SINGAPORE: Billionaire tycoon Kwek Leng Beng will drop the lawsuit he had filed against his son Sherman Kwek and other directors of City Developments Limited (CDL), in the latest turn of a high-profile family rift that set tongues wagging for more than two weeks.
The executive chairman of CDL said on Wednesday (March 12) that he has decided to drop the lawsuit he had filed in February to stop his son and majority directors of CDL from implementing a number of board resolutions.
