Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. CDL director Kwek Leng Peck quits after clash with board, management (Straits Times) Mr Kwek Leng Peck has resigned from his position as non-executive and non-independent director of City Developments Ltd (CDL), a post he held for over 30 years, after clashing with the property giant’s board and management. Mr Kwek, 64, is the cousin of Kwek Leng Beng, the billionaire executive chairman of CDL who also helms the Hong Leong group of companies, and the uncle of CDL’s group chief executive Sherman Kwek. In his letter of resignation, Mr Kwek Leng Peck cited “disagreements with the board and management in relation to the the group’s investment in Sincere Property Group and its continuing provision of financial support to Sincere”, according to a company filing

Advertisements