Upon learning about Mr. Kwek Leng Beng, at 84 years of age, still leading City Development Ltd (CDL) as Executive Chairman, I was genuinely taken aback. Personally, I would have opted for retirement at 65, or ideally 55, to fully relish my later years. Even more striking is the fact that Mr. Kwek Leng Beng has initiated a legal battle against his own son, Mr. Sherman Kwek. The son allegedly attempted a coup to unseat his father from his role as Group CEO of CDL. This scenario feels more like a dramatic plot from a Hong Kong TVB series than real life. The ongoing turmoil has understandably left investors feeling uneasy about CDL’s future prospects.
1. The Mysterious Woman Behind the Father-Son Conflict
Throughout history, human disputes have predominantly been fueled by three core elements: money, power, and women. In this particular case, Mr. Sherman Kwek referred to Dr. Catherine Wu, highlighting her significant and “long relationship” with his father, Kwek.
