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CDL directors put stop to legal action, executive chairman Kwek Leng Beng and son Sherman Kwek to retain posts

The Edge Singapore
The Edge Singapore  • 2 min read
CDL directors put stop to legal action, executive chairman Kwek Leng Beng and son Sherman Kwek to retain posts
"All the Board members have agreed to put aside their differences for the greater good of CDL and its stakeholders," says executive chairman Kwek Leng Beng. Photo: Samuel Isaac Chua/The Edge Singapore
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The boardroom-family saga at City Developments (CDL) has seemingly come to an end, with executive chairman Kwek Leng Beng discontinuing legal actions launched against a faction of board directors led by his son, group CEO Sherman Kwek.

Besides Leng Beng and Sherman, two of the newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will remain on the board.

"All the Board members have agreed to put aside their differences for the greater good of CDL and its stakeholders.  

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