Kwek clan’s decision on family feud will be critical to CDL’s future

SINGAPORE - The outcome of an ongoing boardroom battle involving father and son at one of Singapore’s largest property companies is being determined by the Singapore courts, but the future of property developer City Developments Limited (CDL) may well lie in the hands of

the wider Kwek clan

.

Last week, Mr Kwek Leng Beng

accused his son and a group of directors of an attempted coup

. Mr Kwek also alleged that there were major lapses in CDL’s board independence and governance issues – all of which have cast a shadow on the hotel and property group’s future.