第二代“赌王”吕志和家族的资产传承启示：分工不分家｜基业长青

Core Viewpoint - The successful transition of the family business and wealth from the first generation to the second generation of the "Gambling King" Lui Che Woo's family serves as a model for family business succession, emphasizing the principle of "division of labor without separation of family" [2][6]. Group 1: Family Business Succession - The Lui family has effectively managed the succession of their complex business empire, which includes listed companies like K Wah International Holdings and Galaxy Entertainment Group, by clearly defining roles and responsibilities among family members [2][3]. - The family holds a significant majority of shares in their businesses, ensuring control and management remain within the family [4][5]. - The family’s approach to succession is characterized by a clear division of responsibilities based on each member's expertise and interests, which has facilitated smooth operations and governance [6][7]. Group 2: Ownership and Control Structure - Prior to Lui Che Woo's passing, the family held 66.80% ownership in K Wah International, with specific shares allocated to each child, ensuring a balanced distribution of ownership and control [4]. - Following his death, the family’s ownership in K Wah International decreased to 61.47%, but the shares held by the children increased, indicating a successful transition of ownership [4]. - In Galaxy Entertainment, the family maintained 57.36% ownership before Lui Che Woo's death, which has since adjusted to 56.85%, with significant shares held by the children [5]. Group 3: Role Allocation Among Heirs - The eldest son, Lui Yiu Tung, oversees the Macau operations, while the second son, Lui Yiu Nam, manages the U.S. hotel business, and the youngest son, Lui Yiu Wah, is responsible for the Hong Kong construction business [3][8]. - The daughters, Lui Hui Yu and Lui Hui Ling, are tasked with hotel operations and administrative roles, respectively, reflecting a thoughtful allocation of responsibilities based on their backgrounds [10][11]. - This structured approach to role allocation has been crucial in maintaining family unity and business continuity [11]. Group 4: Family Cohesion and Values - The Lui family emphasizes strong family cohesion, which is essential for the "division of labor without separation of family" model to succeed [11][12]. - Lui Che Woo's commitment to social responsibility and philanthropy has fostered a sense of family pride and recognition, enhancing the family's value system [12]. - The family has engaged in various charitable activities, which have contributed to a lasting legacy and strengthened family bonds [12]. Group 5: Lessons for Other Family Businesses - The Lui family's experience offers valuable insights for other multi-child family businesses, particularly in establishing clear ownership structures and responsibilities [6][18]. - The principle of "division of labor" can also be adapted for single-child families by involving non-family stakeholders and professionals in the management process [18][19]. - Ensuring a collaborative environment among family members and external partners is crucial for long-term business success and stability [19].