The Woonyoungia of the stock right

Woonyoungia "Runny storm" broke out in Hong Kong, the brothers of the dispute has become a hot topic on the street, the management and inheritance of the old restaurant is again on the cusp. The Hong Kong Woonyoungia restaurant, known as the "Celebrity Canteen", is in a dispute over equity.　　July 21, 2010, the Hong Kong High Court approved the hotel's managing director, the late founder of Gan Jian-Fai eldest son, can apply for the hotel's parent company Woonyoungia Record holding liquidation. "Pan-Solid Forever", woonyoungia the building stone on the cornerstone of the 8 characters clearly write burning Goose King Gan Hui's lifelong wish. The Woonyoungia restaurant, which he has worked with his sons for years, is a legendary story of the Hong Kong catering industry.　　But he died less than 6 years, even if the restaurant is still crowded every day, woonyoungia of the pan-ji has appeared a rift. Equity ≠ right of Management March 2010, gan Sui fai eldest son Gan Jiancheng request his second brother Gan Gunli acquisition of its 45% of the equity, otherwise will apply to Woonyoungia Kee Restaurant's parent company Woonyoungia Record holding liquidation. The judge considered that even if the winding-up was approved, it would not affect the shareholder interest, customer confidence and staff morale of the Woonyoungia restaurant, and therefore approved the Gan Jian application. The Woonyoungia holdings, which was applied for liquidation, is the holding company of Woonyoungia Restaurant Group, which includes assets including a market value of more than HK $1 billion in the Woonyoungia of Wellington House in central, Chai Wan Home Depot and food production centre, HK $880 million in cash and a net worth of HK $127 million Woonyoungia restaurant.　　Gan Jian a 45% stake in the market, estimated at HK $1 billion. Prof., a joint professor of accounting at the Chinese University of Hong Kong and the Department of Finance, said that many Chinese entrepreneurs are taking business as their own son, and that there is no specific arrangement for inheritance, and many founders of companies have been reluctant to explain the distribution of equity in their companies behind them, triggering a fierce power struggle after the　　However, Gan to two sons have been closely under the principle of "balance", the two brothers for more than 30 years, whether it is the same equity or paid salaries, the title is the same as the Managing Director. On behalf of eldest brother Gan Jian lawyer revealed, Gan Jiancheng and Gan Gunli two brothers, the original holding Woonyoungia holding 45% stake, the remaining 10% by Sister Gammiling hold. However, in the case of Gan Jian into ignorance, Gan Gunli obtained sister held 10% stake, so that their own equity from 45% to 55%, to become a major shareholder of the Woonyoungia Holding.　　After Gan Gunli arranged for his son to enter the board of directors, not only affected the control of Gan Jian, restricted his access to the group's financial documents, but also he lost confidence in Gan Gunli, so he hopes to sell the stake to Gan Gunli and exit the board. Prof. said that if according to the proportion of 45%, 45% and 10% of the stake, he would be willing to cooperate with two sons and take care of his sister. So while the equity distribution clearly has the right to profit, but the equity usually means the right to operate, profit and transfer rights three powers. 45-45-10 equity distribution directly leads to the vague space of future enterprise management. Chinese Traditional thinking is second obedience boss, however, Woonyoungia founder Hope Brother Cooperation, decentralizationForce, and in this thought split the stakes with two people.　　Unfortunately, the split shares can not guarantee the brotherhood of Harmony, but weakened the effective control of the enterprise, became a brother in court, Woonyoungia version of the "Runny storm" staged the root cause.　　Personal or family trust? The founder of the Woonyoungia, who is called "goose-Shining", Gan was born in Hong Kong, from the central management of the burning taste of the stalls started, has married four wives, a total of 11 sons and 7 daughters, three second-generation successor Gan Jiancheng (Youra), Kun and Kun qi, are the third wife Machawjin born. Later, gan Sui Hui bought "woonyoungia kee" tea stalls, main roast, began to attract a class of diners. 1964 Gan bought the current Wellington shopping, began to show their fists.　　Woonyoungia in 1968 by the United States Fortune magazine selected as the world's largest food house, is also the only one selected Chinese food house. Gan's "balanced" allocation of management rights to the hotel's early development. Before the equity dispute, the family's second generation of three sons "brothers concentric, their profits broken gold" to help his father to create a brand. Gan Jiancheng has been approved by his father as general manager of the restaurant since 1973, and Gan Gunli, who died 3 years ago, joined the three younger brother Kun Qi, who has always followed the same power and important decision to consult the principle of collective opinion. Gan Jian is responsible for purchasing, food design and publicity, Gan Gunli in charge of the operation of the company, and Gankung management of the burning taste.　　After the home, the unit will be acquired and rebuilt, eventually become today's "Woonyoungia Kee Mansion". Unfortunately, this kind of affirmative-like inheritance mechanism failed to protect the Woonyoungia in the follow-up operation on the road. Gan Gunli became a controlling shareholder and broke the allocation and decision-making mechanism of the "balance" of Woonyoungia's board of directors. There are also disagreements within the board on business decisions. At the beginning of 2010, Woonyoungia Director, Gan Gunli son of Gan Lianhong put forward a proposal, bid at the airport opened branch, Gan Gunli expressed support, but was eldest brother Gan Jian into opposition. Although Gan Jiancheng eventually agreed to plan and participate in the bid, Woonyoungia did not win the bid.　　There is also a rift between the Gan brothers, the relationship is not as good as before. In fact, the Woonyoungia Brothers ' equity dispute is only the tip of the iceberg. Hong Kong's first generation of self-made entrepreneurs, mostly septuagenarian, although many are still hale and hearty, but how to smooth shifts, the continuation of the previous generation of painstaking efforts to avoid the issue of equity between children has become an increasingly urgent problem.　　To the restaurant, only in the past six months, the old restaurant Fu Lanshang House after the descendants of the stock to make up infighting, flesh and blood between the final court. In Prof. 's view, the first generation of entrepreneurs in the family business should be at least 10 years before retiring to arrange ownership allocation and successor training, as well as the company's institutional construction.　　Generally speaking, after 10 years of entrepreneurship, if the enterprise can survive and sustainable development, you can identify the success of entrepreneurship, then the entrepreneur can start to prepare the enterprise inheritance and institutionalization of the construction, including the introduction of democratic decision-making and non-family professional managers. In the design of equity undertaking, in addition to the right to operate and profit, the transfer of power is also very important.Many companies are holding in the form of family trusts, and most family trusts are private trusts, and future generations can secure their own lives according to the distribution rules set by their clients.　　More importantly, the trustee often in the trust deed or the intention to establish the family property indivisible and the transfer or the trust irrevocable clause, let the trust has the function of locking the enterprise equity. In contrast, Prof. that the woonyoungia of personal ownership of the way also has a certain advantage, if the family members of discord, equity can be transferred at any time. He pointed out that the way in which individuals were held was suitable for a relatively small number of family members who were involved in the operation; in more than 3 cases, the form of trust funds had a slight advantage, but it would be advisable to set up a mechanism for mediating family disputes internally to perfect trusts, such as the Family Council. In addition, pre-set the dissolution of the trust clause, can also mediate the future of the family may not and the situation, such as after 20 or after the death of all children trust can be dissolved, so that the enterprise in 20 years by the family control, but also allow future generations to flexibly determine the future of family enterprises.