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 evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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