Family disputes rock $18B City Developments empire of Singapore’s 4th richest man Kwek Leng Beng
Singaporean billionaire Kwek Leng Beng spent over 60 years building up the country’s biggest property developer City Developments Ltd, but an ongoing feud with his son Sherman is now shaking up his US$18 billion empire.
The Mysterious Woman Behind the City Development Ltd Family Dispute.
I was surprised to read that Mr Kwek Leng Beng, 84 years old, is still helming City Development Ltd ("CDL") as Executive Chairman- I would have retired at age 65 years old (if not 55 years old ideally) to enjoy my old age.
City Developments Limited requests a trading halt
City Developments Limited (CDL) has requested to halt trading in the Singapore Exchange Securities Trading Limited (SGX-ST) on 26 February with immediate effect. The statement was published at 8:02 am with the pending release of announcements.
City Developments' trading suspended amid family power struggle
Singapore's City Developments was plunged into a power struggle on Wednesday and suspended trading after its executive chairman accused his son, the company's CEO, of plotting a boardroom coup. Kwek Leng Beng,
City Developments' trading suspended amid Singapore's 4th richest man Kwek Leng Beng's family feud
Singapore's City Developments was plunged into a power struggle on Wednesday and suspended trading after its executive chairman accused his son, the company's CEO, of plotting a boardroom coup.
City Developments' Executive Chair Accuses CEO Son of Attempting Boardroom 'Coup'
(Reuters) - Singapore's City Developments suspended trading on Wednesday after the real estate firm's executive chairman ...
City Developments (CDEVF) Receives a Buy from DBS
DBS analyst Tabitha Foo maintained a Buy rating on City Developments (CDEVF – Research Report) today. The company’s shares closed last Tuesday ...
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City Developments' FY2024 patmi falls 36.6% as gearing rises to 117%
City Developments reports 36.6% decline in Patmi in FY2024 from lower development profit as gearing rises to 117%.