AS THE BOARDROOM TUSSEL AT CDL HOTS UP

Family Feud Pits Kwek Leng Beng Against His Son and CEO Sherman Kwek

The boardroom battle at City Developments Limited (CDL) has intensified, with Executive Chairman Kwek Leng Beng at loggerheads with his son and CEO Sherman Kwek. The feud is said to be centered around the direction of the company and the way it is being managed.

A Power Struggle Erupts

According to sources close to the matter, the tensions between the two Kweks have been building for some time, with Kwek Leng Beng, who is also the company’s largest shareholder, seeking greater control over the company’s operations. Sherman Kwek, on the other hand, is said to be pushing for more autonomy and a more aggressive approach to growth.

Culture Clash

The differing approaches of the two Kweks have led to a culture clash, with some board members siding with the executive chairman and others with the CEO. The company’s non-executive directors are said to be caught in the middle, trying to navigate the complex web of loyalties and allegiances.

A Change in Direction

Sources close to the matter suggest that the dispute has led to a change in direction for the company, with Sherman Kwek pushing for a more youthful and dynamic approach to real estate development. Kwek Leng Beng, on the other hand, is said to be more cautious and risk-averse.

A Resolution in Sight

While the future of the company remains uncertain, sources close to the matter suggest that a resolution may be in sight. The two Kweks are said to be engaged in talks, with the possibility of a compromise on the horizon.

CONCLUSION

The boardroom battle at CDL is a complex and nuanced issue, with no easy solutions in sight. As the company navigates this challenging period, one thing is clear: the future of CDL hangs in the balance. Will the company emerge stronger and more resilient, or will the power struggle tear it apart?

FAQs

Q: What is the nature of the dispute between Kwek Leng Beng and Sherman Kwek?

A: The dispute is centered around the direction of the company and the way it is being managed, with Kwek Leng Beng seeking greater control and Sherman Kwek pushing for more autonomy.

Q: What is the impact on the company’s operations?

A: The dispute has led to a change in direction for the company, with Sherman Kwek pushing for a more youthful and dynamic approach to real estate development, while Kwek Leng Beng is more cautious and risk-averse.

Q: Will the company emerge stronger from this dispute?

A: It is too early to say, but the outcome will depend on the outcome of the talks between the two Kweks and the company’s ability to navigate this challenging period.