Multi-billion dollar family-controlled shopping mall chain Westfields has only just gained enough shareholder votes to split the group into two independent companies.
Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.
The family office of Indian tech entrepreneur Nadathur Sarangapani Raghavan, one of the seven founders of business consulting and IT firm Infosys, has acquired a controlling stake in information security company Paladion Networks.
One of Asia’s richest families has failed to take property company New World China Land private, with minority shareholders voting against the deal and exercising their power under privatisation laws of the Cayman Islands, where the company is domiciled.
Brazilian banker Moise Safra, who founded Safra Group with his brothers in the 1950s, has died in Sao Paulo aged 79.
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