Succession in Singapore: Is the era of family empires coming to an end?
More dynasty businesses may have to hand over the reins to outsiders – but that does not have to be cause for concern
Add BT as a preferred source
[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.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
SpaceX surge further boosts Saudi billionaire prince’s fortune
Singapore’s total employment growth slows in Q1; job vacancies dip while retrenchments inch up
