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The latest turn in situations came two days after the family feud spilled into public view on Feb 26, when Mr Kwek Leng Beng accused his brother of mounting a office” coup”.
The debate centred on the appointments of two fresh separate non-executive directors- Ms Jennifer Duong Young and Ms Wong Su-Yen- that the older Kwek said were “hastily” made without going through CDL’s election commission.
Over the next few days, violent claims emerged from both camps, raising concerns over the house bear’s corporate management and business security.  ,
The saga also prompted the Securities Investors Association ( Singapore ), or SIAS, to pose a slew of questions to the company over its board appointments and the role of a former advisor Dr Catherine Wu, who was named by Mr Sherman Kwek as , the primary reason for the public fallout , with his father.
INVESTOR CONCERNS REMAIN: Researchers
Amid the energy struggle, CDL called for a buying end on Feb 26. Its stock fell more than 6 per share to new 16-year pullback upon continuation of business on Mar 3, but recovered somewhat over the week.
Trading and study homes have since slashed their objective costs for the company’s shares.  , RHB, for instance, downgraded the property to neutral from acquire, and cut its target price to S$ 4.75 from S$ 7.30.
Hdfc analysts said , while , the latest reconciliatory walk offers modest relief, it “does not fully address the different business management issues and table differences that were raised during the dispute”.
Investors will also need to , seek complete resolution of these concerns, greater clarity on the company’s program to maximise shareholder returns, and further safeguards to prevent similar corporate management and board-related issues from arising again, the analysts wrote in a statement on Thursday morning.
As a result of these investor concerns, RHB expects CDL’s share price to “be rangebound in the near term”.