City Developments Limited, Singapore and Kwek Leng Beng

Singapore's City Developments executive chairman drops lawsuit to remove CEO son
City Developments said its executive chairman has dropped a lawsuit against his son, the company's CEO, seeking to resolve a high-profile boardroom tussle at one of Singapore's largest property developers.
Property Billionaire Kwek Leng Beng Drops Case Against Son, Keeps City Developments Roles
Billionaire Kwek Leng Beng has withdrawn the court case he filed against his son last month as the top executives of City Developments jostled for control of the Singapore property giant.
Singapore billionaire tycoon Kwek Leng Beng drops legal action, son Sherman stays as City Developments Limited CEO
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.
City Developments Shares Rise After Executive Chairman Discontinues Lawsuit
City Developments' shares rose sharply Thursday, after the executive chairman of the Singapore-listed property developer said he would drop his lawsuit against his son and other board members. Shares were recently 3.85% higher at 5.13 Singapore dollars, equivalent to US$3.85.
City Developments' billionaire executive chair drops legal case against CEO son
Singapore's City Developments on Wednesday said its billionaire executive chairman, Kwek Leng Beng, had dropped a lawsuit against his son, the company's CEO, whom he had accused of plotting a boardroom coup.
Singapore’s 4th richest billionaire Kwek Leng Beng drops lawsuit against CEO son to resolve CDL boardroom feud
Singaporean billionaire Kwek Leng Beng, executive chairman of City Developments Limited, has dropped a lawsuit against his son, the company's CEO, seeking to resolve the high-profile boardroom tussle at one of Singapore’s largest property developers.
Singapore tycoon Kwek Leng Beng drops lawsuit against CEO son to mend family divide
The move signals a reconciliation between the patriarch and Sherman Kwek, with both remaining in their leadership roles at CDL.
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