Caliphate -like caliphate swallows the richest family in Singapore

One of the richest families of Singapore, a caliphate, was immersed in a caliphate, a caliphate, as his son was accused of planning the independence of the Board of Directors.

Mr. Kwik raised the court papers on Wednesday, saying that his son Sherman, two other councils and a group of managers trying to control the real estate company City Developments Limited (CDL).

He is seeking to shoot his son CEO CEO. “It is necessary to deal with this attempt to turn around the board of directors and restore the safety of companies,” said Mr. Kwik, CEO of CDL.

CDL, the largest real estate developer listed in Singapore, stopped trading in its shares on the financial axis.

The dispute sparked comparisons with the succession of the TV series HBO, where the fictional family of Roy is fighting to control the global media company Waystar Royco.

“We intend to change the CEO in a timely manner,” Quick Ling Beng said in a statement.

“As a father, my son’s launch was definitely an easy decision.”

If Sherman Kwik is removed as an executive head, his father says he intended to replace him on a temporary basis with his cousin Kwik Ek Shing.

Disputes focus on an email sent by the company’s secretary at CDL on the nomination of two additional independent managers on January 28, on the eve of the new lunar year – which represents the beginning of a big holiday in Singapore.

The class attracted the attention of the public in a part of the world in which the battles on family companies are not common and are known to have ended up with the court.

After the court hearing on Wednesday, Kwik Ling Beng said that new managers agreed not to exercise any powers until further notice.

The company said that Sherman Kwik will remain in this role until the case was resolved.

Sherman Koyk said that and the majority of the CDL board of directors were disappointed by what he described as extremist actions that his father took “regarding this dispute over the size and makeup of the CDL plate.”

KWEK LENG Beng, along with his father and brother, took control of the CDL who lost in 1971. He became the company’s CEO after his father’s death in 1995.

It now has more than 160 hotels, residential and commercial property around the world and forms part of a family of billions of dollars.