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Asian family businesses

May 2, 2014

When third-generation Clinton Ang, 40, joined his family’s Singapore-based wines and spirits distribution firm, Hock Tong Bee, he spotted an opportunity to create wines tailored to Asian tastes. Now his Cornerstone brand is gathering devotees across the continent.

April 25, 2014

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

In a civil lawsuit that had been ongoing since 2012, Sandeep Raheja was accused by his father, Gopal, of trying to take control of the real estate developer business GL Raheja Group.

January 23, 2014

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman.

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman.

Kwek Leng Joo, 60, has held the post since 1995, but now Grant L Kelley, the first non-family member to head the executive management team, will become the company’s first chief executive.

City Developments Limited (CDL) is one of the largest private developers in Singapore, and saw revenues of $3.4 billion (€2.5 billion) in 2012.

December 18, 2013

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

December 10, 2013

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

According to Asian business families succession: going the distance with the next generation, the first generation of a family firm is only likely to cede management control in their 70s.

October 23, 2013

With many companies nearing the first-to-second generation transfer phase, Asian family businesses have been forced to learn the art of succession planning quickly. CampdenFB looks at what the region is doing to meet the challenge.  

With many companies nearing the first-to-second generation transfer phase, Asian family businesses have been forced to learn the art of succession planning quickly. 

August 29, 2013

South Korea’s president has met with the country’s top privately-owned conglomerates, including the likes of Samsung and LG, whose economic dominance she has publicly promised to curb in the past.

South Korea’s president has met with the country’s top privately-owned conglomerates, including the likes of Samsung and LG, whose economic dominance she has publicly promised to curb in the past.

At a lunch held in Seoul on Wednesday, Park Geun-hye promised attendees that her campaign to improve the country’s economy through “economic democratization” would not turn into the repression of conglomerates or excessive regulation.

August 28, 2013

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil
Telefonica has received the support of Dutch telecommunications company KPN’s biggest investor, America Movil, to acquire its German mobile unit E-Plus.

August 26, 2009

In this time of economic turmoil, some people are questioning the Anglo-Saxon model of capitalism, which emphasises shareholder value.

In this time of economic turmoil, some people are questioning the Anglo-Saxon model of capitalism, which emphasises shareholder value. In searching for an alternative model, others have extolled the virtues of family capitalism. At the same time, the economic climate has imposed a stress test on some families and their businesses, which has fractured family unity.

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