SINGAPORE -- A battle has broken out for control of City Developments Limited, a major Singaporean real estate developer, with Chairman Kwek Leng Beng on Wednesday moving to fire Sherman Kwek, his son and CDL chief executive, for alleged "serious lapses of corporate governance."
Property
Father fights son for control of Singapore property firm
City Developments Chairman Kwek Leng Beng moves to fire CEO over 'coup'
City Developments Chairman Kwek Leng Beng, left, is maneuvering to fire his son, Sherman Kwek, as the company's CEO. (Source photos by Reuters)
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