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Succession Plans in Asian Family Enterprises

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In a Bloomberg interview, LGA’s Jeremy Cheng discussed the Liu family’s carefully orchestrated succession plan for their $12 billion casino empire. Cheng, who also teaches at the Chinese University of Hong Kong, highlighted the family’s proactive approach to leadership transition, a stark contrast to many other wealthy families in Hong Kong and Mainland China. 

He pointed to the Liu family’s long-term planning, begun in 2012 by patriarch Lui Che Woo, as a key factor in their smooth transition. The interview also touched on the challenges faced by other prominent families in the region, including unexpected leadership changes like Adrian Cheng’s resignation as CEO of New World Development. 

Cheng emphasized the critical importance of early succession planning, particularly as second-generation heirs age and the next generation prepares to take the reins. 

The full Bloomberg article is available here (subscription required).

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Jeremy Cheng

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