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Shares Of Singapore Property Giant Slump Amid Father-Son Battle For Control

Summary by Sun Newspapers

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week.

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Fortune

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BizToc

Singapore’s CDL loses biggest developer spot after feud

The stock dip on Monday means CDL's market capitalization is now smaller than rival UOL Group, a developer backed by Singapore’s Wee clan.

16 hours ago·New York, United States

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Nikkei

Singapore's CDL stock plunges to 16-year low amid family feud

SINGAPORE -- Shares of Singapore-based developer City Developments (CDL) plunged to a 16-year low on early Monday, after a three-day trading halt, ami

18 hours ago·Japan

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Forbes

Shares Of Singapore Property Giant Slump Amid Father-Son Battle For Control

Shares of City Developments Ltd. (CDL) tumbled as trading resumed Monday following a three-day halt amid a boardroom battle for control of one of Singapore’s most valuable publicly traded real estate companies.

23 hours ago·United States

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Bloomberg

Singapore’s Feuding Clan Is Testing Investors’ Patience

The very public airing of Kwek family laundry is starting to grate.

1 day ago·United States

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Mothership Singapore

Son of billionaire Kwek Leng Beng points to Catherine Wu, his dad's ex-personal assistant & board advisor, as primary reason for dispute

Sherman Kwek claims that Wu has been "interfering in matters going well beyond her scope" and "wields and exercises enormous influence".

1 day ago·Singapore

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Sun Newspapers

+5 Reposted by 5 other sources

High-stakes father-son feud rocks Singapore property giant

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families erupting into public view this week.

2 days ago·Florida, United States

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