Reported about 8 hours ago
City Developments Limited in Singapore has suspended trading after its executive chairman, Kwek Leng Beng, accused his son, CEO Sherman Kwek, of attempting a boardroom coup. Kwek Leng Beng expressed his intent to remove his son following alleged attempts to manipulate board composition and governance. The company has also canceled its post-results briefing amidst this controversy.
Source: YAHOO