Billionaire’s Adviser At The Center Of Singapore Property Giant’s Boardroom Battle Resigns [Forbes]
CITY DEVELOPMENTS S/ADR (CDEVY)
NASDAQ:AMEX Investor Relations:
ir.cdl.com.sg
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Source: Forbes
© 2017 Bloomberg Finance LP An adviser at the center of the (CDL) boardroom brawl between billionaire and his son, Sherman, has resigned a week after the family feud became public. The elder Kwek announced the irrevocable resignation of Catherine Wu, an adviser to the board of CDL's Millennium & Copthorne Hotels, late Tuesday. Last week, the chairman his son to quash what he called as an “attempted coup at the board level” instigated by Sherman Kwek, group CEO of CDL, and some board members. Sherman disclosed on Thursday that the dispute with his father was partly due to concerns that Wu, whom he claimed has a long term relationship with the elder Kwek, had been interfering with the affairs of M&C and that presented a ve
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News
- Property Billionaire Kwek Leng Beng Drops Case Against Son, Keeps City Developments Roles [Forbes]Forbes
- Shares Of Singapore Property Giant Slump Amid Father-Son Battle For Control [Forbes]Forbes
- City Developments Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Singapore billionaire's son denies board coup, blames aide [Fortune]Fortune
- Singapore Billionaire's Scion Denies Board Coup, Blames Aide [Yahoo! Finance Canada]Yahoo! Finance Canada