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Billionaire Kwek Leng Beng accuses his son, CEO Sherman Kwek, of corporate takeover at Hong Leong Group.
An 84-year-old Singaporean billionaire, Kwek Leng Beng, has accused his son, Sherman Kwek, the CEO of their company Hong Leong Group, of attempting to take over the company.
Leng Beng tried to remove his son due to alleged corporate governance issues but failed as Sherman had control of the board.
This family feud is shaking one of Singapore's largest property developers.
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El multimillonario Kwek Leng Beng acusa a su hijo, el CEO Sherman Kwek, de la adquisición de empresas en Hong Leong Group.