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CDL chairman Kwek Leng Beng

CDL Chairman Accuses Son of ‘Attempted Coup’ as Sherman Kwek Remains CEO

2025/02/26 by Michael Cole Leave a Comment

Investors eager for Singapore’s largest non–government controlled developer to announce its 2024 financials on Wednesday received more excitement than expected when the executive chairman and chief executive officer of City Developments Ltd issued separate statements regarding an alleged struggle for… Read More>>

CDL COO Kwek Eik Sheng

CDL Chairman Names Nephew as Group COO, Refills Empty Board Slots

2021/12/31 by Beatrice Laforga Leave a Comment

With a fresh round of cooling measures having dealt a fresh blow to a company still reeling from a S$1.9 billion (now $1.4 billion) loss last year, City Developments Ltd (CDL) has turned to the family for some help.

The… Read More>>

Kwek Eik Sheng

Singapore’s CDL and Friends Acquire Frankfurt Hotel for $100M

2017/12/07 by Michael Cole Leave a Comment

With investors from China still hobbled by that country’s restrictions on capital outflows, the mainland slowdown is leaving the stage open for buyers from one of Asia’s smallest nations to land deals in a growing list of locations.

Today, the… Read More>>

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