Sherman Kwek will remain as the group CEO “until such time as there is a board resolution to change company leadership”.
In a response to its call for a trading halt earlier this morning, City Developments Limited (SGX:C09
) (CDL) has issued a statement saying the halt was in view of the disagreement within the board in relation to the composition and constitution of the board and the board committees.
“Despite this temporary suspension, our business operations remain fully functional and unaffected,” adds CDL in a Feb 26 statement.
