Wang Zhongtong, a wealthy Hong Kong businessman, is 78 years old and should have reached the age of retirement and enjoyed the blessings of Qingfu, but in terms of the development of the current group Wang's Gangjian, he will not be able to retire in the short term. Wang's Port Construction Group has faced operational problems in the past half a month, once suspended on June 24, and now it is difficult to resume trading, and it has been affected by the failure of privatization, and the stock price has soared, with a market value of only HK$670 million.
Wang's Gangjian Group is a family property, founded by the late electronics king Wang Huaxiang, who was later succeeded by his second son, Wang Zhongtong. Originally, according to the way of generation after generation, the Wang Gangjian Group should be taken over and inherited by his only son, but his only son Wang Xianzhi has no interest in the family industry, and prefers to linger in the colorful entertainment circle life, as the director, he is simply lazy to deal with the business problems faced by the family industry, after all, he does not intend to inherit, so he makes more, earns less, loses money or goes out of business. When Wang Zhongtong and his family were busy, he continued to live a warm and simple life with his husband, and the two of them met friends to eat in the restaurant, and did not forget to use champagne to help entertain, which was quite comfortable.
Wang Zhongtong's family was once very prominent, his father Wang Huaxiang was once a well-known electronic king in Hong Kong, in 1975 founded the Wang's Gangjian Group, mainly to manufacture printed circuit boards and electronic products required chemicals, equipment as a distribution, once in the 70s, 80s by the Hong Kong economy took off, soaring, the entire market value of the highest time reached 3 billion, the annual business volume of up to 5 billion. However, in recent years, the development of Wang's Port Construction Group is not as good as before, after the failure of privatization in 2006, it is facing market competition and industrial renewal problems, and since the failure of privatization in 2006, it is destined to take a more and more difficult road in the future.
I dare not say that there is no successor to the Wang Huaxiang family, but in the current situation, Wang Zhongtong, the successor after Wang Huaxiang, is 78 years old, but he cannot retire, and he should not find a suitable candidate. If we follow the model of passing on the family property from father to son, and then passing on the son, the future successor to the Wang Gang construction group should be Wang Xianzhi, the only son of Wang Zhongtong. However, Wang Zhongtong's son is really too special, and he has no interest in the family business since he was a child, and he yearns for a colorful entertainment circle life. When he was still studying in Canada, he was already a DJ in the local Chinese radio station, returned to Hong Kong after graduation, and then directly joined the entertainment industry, joined TVB to become a emcee, and the work of the entertainment industry became more and more handy, and now he has become a gold medal emcee, which is quite famous in the circle.
Wang Xianzhi has no interest in the family business, which he has already expressed when he was young. Another important point is that Wang Xianzhi is unlikely to have offspring in the conventional way, because he has come out publicly in 2013 and registered his marriage with his barista boyfriend who has been in love for seven years in Vancouver, Canada on August 1, 2016, becoming the first male artist and male public figure to publicly marry the same sex in Hong Kong. And he and his lover do not want children in the consensus, so even if he really has the intention to inherit the Wang Gangjian Group, the successor is still a problem, of course, this is the last word, the point is that he has no intention of this.
Wang Xianzhi has also been in contact with the family business, in 2007, after he made up TVB, he fully assisted the family to expand the Chinese and Western medicine business, once became the director of Sanhuang Group Co., Ltd., but then there were problems in the operation, and it has closed in 2017, and now Wang Xianzhi's position in the family property is an executive director, that is, just a name, not involved in group affairs, all things are still taken care of by his father Wang Zhongtong. Wang Zhongtong, as the successor of the group, may also have his own helplessness, but because of his opening, for the only son Wang Xianzhi not to take over the family business, and even married to the same sex and did not have offspring, he gave respect verbally, and openly stated that it is enough to be content as long as he is a person, in fact, for so many years, he did not rebel, verbally supported, but behind his back asked Wang Xianzhi to go home to help.
Therefore, now when Wang's Port Construction Group is facing operational difficulties, facing the failure of the second degree of share privatization and leading to the company's suspension of trading for many days after the resumption of trading stock price fell sharply - the decline was once more than 42%, and now the market value is only 670 million, Wang Zhongtong is still standing in the front line to make suggestions, in fact, when the market value of a listed company is only 670 million, it can be seen that the company has been affected not small, 78-year-old Wang Zhongtong and family members may really be the first two big now.
In contrast, Wang Xianzhi is much more relaxed, first, he can't help, and second, he also said that he will not inherit the family business, even if it is bankrupt, he can stay out of the matter, and has no big impact on himself. Therefore, when the family was busy with the affairs of the group, he still had the leisure to meet with her husband to meet with friends and dine, and did not forget to drink champagne to help him have fun, and his performance was very relaxed. In early August, he and her husband will celebrate their fifth wedding anniversary, which he should celebrate as well. Looking back, Wang Xianzhi's life and ambition are not bad, he has his own pursuits and heaven and earth, not to draw boundaries with the family, but also not to interfere more, and the troubles are also a lot less.
PS: The pictures are all from the Internet