Succession in Singapore: Is the era of family empires coming to an end?
More dynasty businesses such as UOB may have to hand over the reins to outsiders – but that does not have to be cause for concern
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[SINGAPORE] “Popiah King” Sam Goi’s son Kenneth Goi was recently appointed chief executive of PSC Corporation , and will head it from May 5.
The listed company, a consumer goods distributor and manufacturer, is one of several in the elder Goi’s empire.
The move may be seen as part of a long tradition of family businesses being passed on to the next generation, not least in Asia.
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