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Sherman Kwek, 6 board directors appoint lawyers
The Straits Times
|February 28, 2025
City Developments Limited (CDL) group chief executive Sherman Kwek and six board directors, called out by CDL executive chairman Kwek Leng Beng for an "attempted coup" to take control of the board, have appointed lawyers to represent them in court.
On Feb 26, court hearing information showed they had no legal representation, but by Feb 27, the records were updated to reflect their engagement of law firm Lee & Lee. This move escalates the court battle over control of the CDL board.
On one side is Mr Kwek Leng Beng, supported by board directors Philip Yeo, Colin Ong and Chong Yoon Chou. He alleges that a faction led by his son Sherman Kwek, alongside directors Philip Lee Jee Cheng, Wong Ai Ai, and others, attempted to consolidate power over the board and CDL.
On Feb 25, Mr Kwek Leng Beng's camp filed High Court papers to "set things right".
"This is necessary to address the attempted coup and restore corporate integrity," said Mr Kwek Leng Beng, who turns 84 in 2025.
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