Catherine Wu resigns as adviser to CDL's hotel arm M&C

Dr Catherine Wu, who was thrown into the spotlight in a high-profile boardroom battle between Mr Kwek Leng Beng and his son Sherman, has resigned as an unpaid adviser to Millennium & Copthorne Hotels (M&C).

- Angela Tan

In a press release late on March 4, Mr Kwek Leng Beng said M&C, the hotel arm of City Developments Limited (CDL), has received the "irrevocable resignation" of Dr Wu as an unpaid independent adviser, with immediate effect.

"Now that Dr Wu has resigned, the CEO (Sherman Kwek) and his team of directors no longer have any continuing basis to make such corporate governance allegations about CDL and to justify his board coup," said the older Mr Kwek, who is CDL executive chairman.