26-10-2023, 12:42 PM
Nice write up Weijian
Looks like the major risk is actually the structure ie shareholding / management after the old man move on. If it is passed to a passive trust or charity, since it seems his family relationship is suboptimal, the business and management might likely be stagnant when there's no skin in the game.
Optimal case is of course a sale

Optimal case is of course a sale
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)