High-stakes father-son feud rocks Singapore property giant

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High-stakes father-son feud rocks Singapore property giant

^{Published on 2025-03-02 00:01:03 - Yen}

A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd (CDL) into turmoil, with the private boardroom dispute of one of the city-state's wealthiest families

The article discusses a high-profile family feud within the ranks of Singapore's property giant, Far East Organization, involving billionaire Peter Fu and his son, David Fu. The conflict centers around the control and future direction of the company, which is one of Asia's largest private property developers. Peter Fu, who has been at the helm for decades, is reportedly at odds with David over strategic decisions, leadership style, and the potential succession plan. This internal strife has raised concerns among shareholders and industry observers about the stability and governance of the company, potentially affecting its operations and market position. The situation has escalated to the point where legal actions and public statements have been made, highlighting the personal and professional tensions within this influential family business.

Read the Full Yen Article at:
[ https://www.msn.com/en-xl/news/other/high-stakes-father-son-feud-rocks-singapore-property-giant/ar-AA1A4mF6 ]

Contributing Sources

Yen

N@N

High-stakes father-son feud rocks Singapore property giant