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June 17, 2016

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Former chairman James Packer, son of the late media mogul Kerry Packer, remains the majority controller of Crown Resorts with a 53% stake.

November 27, 2014

Samsung announced $2 billion share buyback scheme; African family business secures stake in new Coca-Cola operation; and Dalian Wanda seek approval for $6 billion IPO. 

Samsung announced $2 billion share buyback scheme

Family-owned chaebol Samsung has announced a $2 billion share buyback plan following calls from investors to improve returns.

The largest smartphone maker in the world said it would buy back 1.65 million common shares and 250,000 preferred shares – the second-largest buyback in the firm’s history, according to Reuters.

October 15, 2014

Asia’s wealthy families are focused on the challenges of successful wealth transfer, while wealthy Mainland Chinese are increasingly looking at alternative investments and cross-border investment opportunities, new research suggests.

Asia’s wealthy families are focused on the challenges of successful wealth transfer, while wealthy Mainland Chinese are increasingly looking at alternative investments and cross-border investment opportunities, new research suggests.

February 27, 2014

Proposals to reform the way high net worth investors can gain fast-track entry to the UK, including an eBay-style auction of 100 visas, has been met with skepticism by immigration specialists. 

Proposals to reform the way high net worth investors can gain fast-track entry to the UK, including an eBay-style auction of 100 visas, has been met with skepticism by immigration specialists.

The proposals for changes to the Tier 1 investor visa programme from the Migration Advisory Committee (MAC), a non-departmental public body, included:

December 30, 2013

He started his career in the petrochemical firm his father founded, but when Ben Walters, 38, moved to Shanghai to set up an office he started a rather different business – selling sneakers based on the classic Chinese construction worker’s Liberation shoe. 

He started his career in the petrochemical firm his father founded, but when Ben Walters, 38, (pictured, right) moved to Shanghai to set up an office he started a rather different business – selling sneakers based on the classic Chinese construction worker’s Liberation shoe.

August 22, 2013

America Movil secures funding for KPN, Rupert Murdoch invests in alternative media group, Boehringer Ingelheim breaks ground on animal pharmaceuticals plant in China, and Hutcinson Whampoa receives preliminary bids for supermarket chain.

America Movil secures funding for KPN, Rupert Murdoch invests in alternative media group, Boehringer Ingelheim breaks ground on animal pharmaceuticals plant in China, and Hutcinson Whampoa receives preliminary bids for supermarket chain.

America Movil
America Movil said it had secured funding for a €7.2 billion bid to further its stake in Dutch telecom company Royal KPN.

May 8, 2013

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers. 

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers.

Ren Zhengfei, who founded Huawei Technologies – China’s biggest technology company with revenues of more than $35 billion (€30 billion)– 26 years ago, said he would not be passing on the business to any member of his family.

March 4, 2013

Frank Wang, 32, founder and CEO of LuxSea, on luxury, entrepreneurship and why China could be the new Japan.

Frank Wang (pictured, below), 32, founder and CEO of LuxSea, on luxury, entrepreneurship and why China could be the new Japan.

My family business is in the energy sector. My grandfather was the founder of Huaneng Group, which is one of the biggest electricity generating companies in Asia. It was the first Chinese company to go public on the NYSE and is in the Fortune 500.

February 22, 2012

Family businesses in China might not be as old as their western counterparts – Chinese family firms are just nine years old on average – but there is plenty of opportunity for next-gens to learn from founding family members.

Family businesses in China might not be as old as their western counterparts – Chinese family firms are just nine years old on average – but there is plenty of opportunity for next-gens to learn from founding family members.

Tony Gao Hao, director of executive education at Tsinghua Alumni Association, part of the Tsinghua University, reckons that despite numerous challenges in the Asian country, family businesses in China are powering ahead.

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