CDL
Who is Catherine Wu, the adviser highlighted in the CDL board tussle?
CDL group chief executive Sherman Kwek says the “primary reason” for the ongoing dispute at the property behemoth relates to “a very serious issue of corporate governance” involving Dr...
Sherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’s adviser
THE “primary reason” for the ongoing dispute at City Developments Ltd is “a very serious issue of corporate governance” involving Dr Catherine Wu, Kwek Leng Beng’s adviser, group chief...
Quick takes: What observers are saying about the CDL boardroom tussle
One observer says the group could have better corporate governance, while another says its core businesses will remain unaffectedA BATTLE for board control erupted within property giant City Developments...
Some analysts downgrade CDL shares, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
Some analysts downgrade CDL, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
Kwek Leng Beng-Sherman tussle at CDL can destroy value
Share price is deeply undervalued, could father-son tussle lead to restructuring or a merger?Investors buy into listed groups where families hold major stakes and are active in management, partly...
Two new CDL directors will not exercise any powers until further notice from court: Kwek Leng Beng
THE two new directors appointed by CDL’s board have undertaken not to exercise any powers as directors until further notice, said CDL executive chairman Kwek Leng Beng in a...
From origins to turmoil: The CDL story
1963: City Developments Ltd (CDL) begins operations with eight staff in a small, rented office at Amber Mansions and was listed on the Malayan Stock Exchange in November 1963. 1966:...
