Legal

Father-Son Feud Plunges Singapore’s Richest Clan Into Crisis

Chairman Kwek Leng Beng accuses son of leading boardroom coup
Son Sherman Kwek ‘disappointed’ by father’s move; remains CEO

Kwek Leng Beng, right, and Sherman Kwek.
Photographer: Ore Huiying/Bloomberg

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By Low De Wei, Yoojung Lee, and Bernadette Toh

February 26, 2025 at 2:54 PM UTC

Updated on

February 27, 2025 at 4:47 AM UTC

This article is for subscribers only.

An alleged boardroom coup attempt, a lawsuit between a family patriarch and his son, and accusations of corporate governance lapses — even by the standards of Asian succession drama, the family feud raging at Singapore’s Kwek dynasty stands out.

City Developments Ltd., the financial hub’s biggest listed developer, plunged into crisis Wednesday when its billionaire Chairman Kwek Leng Beng, 84, accused his son, the firm’s chief executive officer, of orchestrating a boardroom coup. He and CDL filed a lawsuit against the younger Kwek.