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forbes.com
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Billionaire Sues Son for Control of Singapore Property Giant
Real estate tycoon Kwek Leng Beng sued his son, Sherman Kwek, CEO of City Developments Ltd. (CDL), for attempting to seize control of the company through board changes, following a 37% drop in 2024 net profit to S$201.3 million.
Billionaire Sues Son for Control of Singapore Property Giant
Real estate tycoon Kwek Leng Beng sued his son, Sherman Kwek, CEO of City Developments Ltd. (CDL), for attempting to seize control of the company through board changes, following a 37% drop in 2024 net profit to S$201.3 million.
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