SINGAPORE -- City Developments (CDL) Executive Chairman Kwek Leng Beng is ending his lawsuit against his son, CEO Sherman Kwek, marking a step toward mending a deep family rift at the Singaporean property developer.
Companies
Singapore's CDL chairman drops lawsuit against CEO son
Developer's shares open 4% up after father says board 'united for greater good'
CDL shares opened 4% higher in Singapore on March 13 after Executive Chairman Kwek Leng Beng announced he is withdrawing his lawsuit against his son Sherman, the company's CEO. © Reuters
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