SINGAPORE, Feb. 26 -- A power struggle has erupted at property giant City Developments Limited (CDL), with executive chairman Kwek Leng Beng seeking to remove his son, group chief executive Sherman Kwek, over an alleged boardroom coup.

Kwek Leng Beng said he has initiated legal proceedings to address what he described as an attempt by his son, along with board members Philip Lee, Wong Ai Ai, and other directors, to consolidate control over CDL's board, according to a report published in The Straits Times today.

"This is necessary to deal with this attempted coup at the board level and restore corporate integrity," he said.

"We intend to change the chief executive officer at the appropriate time. We will continue to explore all legal op...