City Development Resumes Trading Amid Family Power Feud; Shares Down 3%

MT Newswires

2025/03/03

Shares of City Development (SGX:C09) fell over 3% on Monday after the company resumed its trading, stating that its operations remain "fully functional and unaffected."

"It is business as usual" for the company, and Sherman Kwek will remain the group CEO until there is a resolution to change the company's leadership, according to a filing with the Singapore Exchange on Monday.

In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.

CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of "attempted coup" of the company.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2516244503"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2516244503\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2516244503?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-03 15:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2516244503","market":"sg","top_or_hot":-1,"title":"City Development Resumes Trading Amid Family Power Feud; Shares Down 3%","media":"MT Newswires","content":"<html><body><p> Shares of City Development (SGX:C09) fell over 3% on Monday after the company resumed its trading, stating that its operations remain \"fully functional and unaffected.\"</p><p>\"It is business as usual\" for the company, and Sherman Kwek will remain the group CEO until there is a resolution to change the company's leadership, according to a filing with the Singapore Exchange on Monday.</p><p>In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.</p><p>CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of \"attempted coup\" of the company.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>City Development Resumes Trading Amid Family Power Feud; Shares Down 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity Development Resumes Trading Amid Family Power Feud; Shares Down 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-03-03 15:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shares of City Development (SGX:C09) fell over 3% on Monday after the company resumed its trading, stating that its operations remain \"fully functional and unaffected.\"</p><p>\"It is business as usual\" for the company, and Sherman Kwek will remain the group CEO until there is a resolution to change the company's leadership, according to a filing with the Singapore Exchange on Monday.</p><p>In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.</p><p>CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of \"attempted coup\" of the company.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999016042.SGD","symbol_name":"Schroder Singapore Trust A Acc SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2516244503","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516244503","pubTimestamp":1740986477,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shares of City Development  fell over 3% on Monday after the company resumed its trading, stating that its operations remain \"fully functional and unaffected.\"\"It is business as usual\" for the company, and Sherman Kwek will remain the group CEO until there is a resolution to change the company's leadership, according to a filing with the Singapore Exchange on Monday.In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of \"attempted coup\" of the company.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","C09.SI":"城市发展","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","BK6512":"房地产股","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6098":"多样化房地产活动"},"translate_title":"城市发展在家族权力不和中恢复交易；股价下跌3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":0.9},"content_text":"Shares of City Development (SGX:C09) fell over 3% on Monday after the company resumed its trading, stating that its operations remain \"fully functional and unaffected.\"\"It is business as usual\" for the company, and Sherman Kwek will remain the group CEO until there is a resolution to change the company's leadership, according to a filing with the Singapore Exchange on Monday.In a previous filing on Feb. 24, the company had called for a trading halt amid disagreement within the board over its composition and constitution.CDL executive chairman Kwek Leng Beng had filed court papers accusing his son Sherman Kwek of \"attempted coup\" of the company.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}