SINGAPORE, March 14 -- Billionaire Kwek Leng Beng and his son, Sherman Kwek, resolved their high-profile dispute after senior establishment figures and trusted family friends stepped in to mediate, according to a The Straits Times report citing anonymous sources.

The feud had played out over more than two weeks of public statements, during which the share price of their real estate firm, City Developments Limited (CDL), fell to a 16-year low.

The elder Kwek filed a lawsuit in February to block his son and the CDL board from implementing resolutions he claimed was a power grab that undermined his authority.

Sherman denied attempting to oust his father and instead accused him of being influenced by Catherine Wu, an adviser whose role in ...