Both lenders may announce a new round of share buy-backs, with HSBC at US$2 billion and Standard Chartered at US$1 billion, matching last year, analysts said.

SINGAPORE – The two new directors at City Developments Limited (CDL), who are at the centre of a disagreement between executive chairman Kwek Leng Beng and his son, group chief executive Sherman ...

SINGAPORE - Executive chairman of property giant City Developments Limited (CDL) Kwek Leng Beng, 84, has made public a rift with his son Sherman Kwek, 49, filing a lawsuit on Feb 26 to deal with ...

Kwek Leng Beng's statement comes after a trading halt was called and CDL cancelled its scheduled 2024 results briefing on the morning of Feb 26. An empty ballroom where CDL’s results briefing ...

SINGAPORE: City Developments Limited (CDL) executive chairman Kwek Leng Beng said his son Sherman and other directors acting with him have agreed not to take further action after a court hearing ...

A Succession-like feud has engulfed one of Singapore's richest families as property tycoon Kwek Leng Beng accused his son of plotting a boardroom takeover. Mr Kwek says he has filed court papers ...

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 surprise statement late on ...

Kwek Leng Beng, the executive chairman of City Developments Limited (CDL), is attempting to sack his son Sherman as group CEO. He has also filed a lawsuit over alleged governance lapses and an ...

SINGAPORE - Law and Home Affairs Minister K. Shanmugam and Manpower Minister Tan See Leng have filed defamation suits against Bloomberg and one of its journalists. The claims were filed on Jan 6.

1966: The company completes its first Singapore condominium project, Clementi Park. 1969: Kwek Hong Png’s Hong Leong Group buys into CDL, and son Kwek Leng Beng takes a position on the board. 1972: ...

The power struggle within Singapore’s biggest property developer became public on Wednesday (Feb 26) when executive chairman Kwek Leng Beng issued a statement accusing his son, group CEO Sherman ...