A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 26, with executive chairman Kwek Leng Beng publicly criticising his son Sherman, who is CDL’s group chief executive. 

The older Kwek said that he has filed court papers to address the “attempted coup” by Mr Sherman Kuek, 49, board members Philip Lee Jee Cheng and Wong Ai Ai as well as a group of directors acting with them to allegedly consolidate control of CDL’s board.

What are the legal implications of this ongoing tussle between father and son? What does this family turmoil mean for the future of CDL, and investor confidence? 

On The Big Story, Hongbin Jeong speaks with Professor Sumit Agarwal, Low Tuck Kwong Distinguished Professor of Finance at the Business School and a Professor of Economics and Real Estate at the National University of Singapore to find out more. 

A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 26, with executive chairman Kwek Leng Beng publicly criticising his son Sherman, who is CDL&rsquo;s group chief executive.&nbsp;
The older Kwek said that he has filed court papers to address the &ldquo;attempted coup&rdquo; by Mr Sherman Kuek, 49, board members Philip Lee Jee Cheng&nbsp;and Wong Ai Ai as well as a group of directors acting with them to allegedly consolidate control of CDL&rsquo;s board.
What are the legal implications of this ongoing tussle between father and son? What does this family turmoil mean for the future of CDL, and investor confidence?&nbsp;
On The Big Story, Hongbin Jeong speaks with Professor Sumit Agarwal, Low Tuck Kwong Distinguished Professor of Finance at the Business School and a Professor of Economics and Real Estate at the National University of Singapore&nbsp;to find out more.&nbsp;

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.