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Digging into the Kwek family tree behind CDL and other Hong Leong companies

Digging into the Kwek family tree behind CDL and other Hong Leong companies

By Swedan Margen

Fashion

AS THE boardroom tussle at CDL hots up, pitting executive chairman Kwek Leng Beng against his son and CEO Sherman Kwek and other board members, The Business Times takes a look at how family ties and business interests are inextricably linked.

At the first generation level, there is Kwek Hong Png who established the Hong Leong group of companies in 1941. He had a sister and three brothers.

Who’s who in the Kwek clan behind CDL ARTWORK: TEOH YI CHIE, BT

Kwek Hong Png’s son Kwek Leng Beng is very much the head of the family business in Singapore. The various businesses include property developer City Developments, CDL Hospitality Trusts, Hong Leong Asia and Hong Leong Finance.

At the second generation level, apart from Kwek Leng Beng, a key player is his cousin Quek Leng Chan, who is one of the richest men in Malaysia with a controlling stake in HL Bank. In Singapore, he is the exective chairman of SGX-listed property developer GuocoLand. Another cousin Kwek Leng Peck is the executive chairman of Hong Leong Asia.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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