Reported about 16 hours ago
City Developments Ltd. (CDL) saw a significant drop in its stock price, falling up to 7% and reaching its lowest level since 2009, following a public family feud. The conflict arose when CDL's chairman, Kwek Leng Beng, sued his son and CEO, Sherman Kwek, along with board members, alleging a coup attempt. This turmoil led to analyst downgrades and raised concerns over corporate governance, further complicating CDL's already troubled outlook.
Source: YAHOO