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July 28, 2008

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders.

Walter Kwok, who was replaced by his mother following a disagreement with his two younger brothers in May, said, "Rather than key positions in the company being taken by the family, we should be more inclined to have the most suitable person fulfil the key positions."

May 28, 2008

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company.

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company. Kwong is the wife of SHKP’s late founder and currently owns just over 41% of the company.

May 27, 2008

Yeung Kwok-Keung, chairman of property firm Country Garden and patriach of one of China’s richest families, has reportedly bought a stake in Television Broadcasts, one of the world’s largest producers of Chinese-language television programming.

Yeung Kwok-Keung, chairman of property firm Country Garden and patriach of one of China's richest families, has reportedly bought a stake in Television Broadcasts, one of the world's largest producers of Chinese-language television programming. Yeung (pictured) appears to have acquired a 26% stake for around $1.3 billion from Shaw Brothers' 100-year-old chairman Sir Run Run Shaw .

Founded in 1967, TVB was the first wireless free-to-air commercial television broadcaster in Hong Kong. It is believed Yeung was the only investor who met Shaw's criteria and price for the stake.

May 16, 2008

A behind-the-scenes feud between second-generation members of the Kwok family has burst into the open.

A behind-the-scenes feud between second-generation members of the Kwok family has burst into the open. The Hong Kong-based Kwoks, owners of Sun Hung Kai Properties, have been arguing over who should run the $45 billion company. At the centre of the dispute is a fierce power struggle between the three Kwok brothers – Walter, Thomas and Raymond.

April 30, 2008

Family business patriarch and Hong Kong’s richest man, Li Ka-shing, has called on Asians to change the way they view inheritance issues.

Family business patriarch and Hong Kong's richest man, Li Ka-shing, has called on Asians to change the way they view inheritance issues. He is encouraging other regional family heads to transcend the traditional values of passing wealth through lineage as an imperative duty in favour of more charitable and socially-aware philanthropic efforts.

April 10, 2008

Startup budget airline Oasis Hong Kong, the business launched by Hong Kong family business owner Raymond Lee and his wife, has folded.

Startup budget airline Oasis Hong Kong, the business launched by Hong Kong family business owner Raymond Lee (pictured) and his wife, has folded. The firm has announced it has applied to the Hong Kong Court to appoint a provisional liquidator. KPMG has since assumed control of the airline.

Flight operations have been cancelled until further notice and KPMG are liaising with other airlines in order to help customers make alternative travel arrangements.

March 1, 2008

It can be difficult for the next generation to combine a founder’s values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

It can be difficult for the next generation to combine a founder's values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

March 1, 2008

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

Family businesses in Asia are finding it hard to keep up with developments around the globe and shipping giant IMC Group is no exception. However, family member Yuelin Yang explains to Bruce Love that, with the help of outside professionals, the tide is starting to turn

February 18, 2008

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members.

The insider trading case at Dow Jones & Company has led to the resignation of one of Hong Kong’s Executive Council members. David Li, the chairman and chief executive of family-owned Bank of East Asia, told ExCo chief executive Donald Tsang that “he regretted that the matter had caused public concern and thus wished to resign from the Council.”

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