Family-owned companies can be unpredictable at the best of times, but never more so than when power passes from one generation to the next.
The squabble for control of Stanley Ho’s casino empire casts a spotlight on one of the biggest risks facing investors in companies across Asia.
Families control two-thirds of Asia’s 1,000 biggest companies. More than 70 per cent of Hong Kong’s listed companies are controlled by either their founders or members of the founding families.
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