Beng.

A Succession-like feud has engulfed one of Singapore's richest families as property tycoon Kwek Leng Beng accused his son of plotting a boardroom takeover.

"We intend to change the chief executive officer at the appropriate time," Kwek Leng Beng said in a statement.

After Wednesday's court hearing, Kwek Leng Beng said the two new directors had agreed to not exercise any powers until further notice.

Kwek Leng Beng, along with his father and brother, took control of then-loss-making CDL in 1971.

Ong Beng Seng is also under investigation.