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City Developments Limited

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2025

    CDL boardroom dispute

    Chairman Kwek Leng Beng accused chief executive Sherman Kwek of attempting to push through board and committee changes without proper approval. Sherman Kwek rejected the allegations and defended the appointments as intended to strengthen the board. Legal proceedings were later withdrawn after an agreement to move beyond the dispute.

  2. 2020

    Governance dispute over Sincere investment

    Disagreements over CDL's increased investment in Sincere Property Group, its liquidity risks and oversight of the hospitality business led to the resignation of several directors and the creation of a working group.