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The Mysterious Woman Behind the City Development Ltd Family Dispute.
By Investment Income for Life  •  February 28, 2025
I was surprised to read that Mr Kwek Leng Beng, 84 years old, is still helming City Development Ltd ("CDL") as Executive Chairman- I would have retired at age 65 years old (if not 55 years old ideally) to enjoy my old age.  Worst still, Mr Kwek Leng Beng has brought a lawsuit against his son, Mr Sherman Kwek, for attempting a coup and wanting to remove him as Group CEO of CDL. This seems surreal and something that only happens in Hong Kong TVB drama. As a result of the chaos, investors are jittery over the future of CDL 

1. Mysterious Woman That Caused the Rift Between Father and Son
Since ancient times, disputes between human beings have always revolved around 3 matters, namely, (i)Money; (ii) Power and (iii) Woman. Mr Sherman Kwek had mentioned that Dr Catherine Wu, who had a "long relationship" with his father Kwek
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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