{"id":841,"date":"2020-10-23T22:25:14","date_gmt":"2020-10-23T22:25:14","guid":{"rendered":"https:\/\/mu2u.com.my\/index\/?page_id=841"},"modified":"2021-09-08T18:26:58","modified_gmt":"2021-09-08T10:26:58","slug":"business-succession","status":"publish","type":"page","link":"https:\/\/mu2u.com.my\/index\/business-succession\/","title":{"rendered":"BUSINESS SUCCESSION"},"content":{"rendered":"<div id='av_section_1'  class='avia-section av-2dnht6-c09332cf783863b4fb989225aaca60e4 main_color avia-section-large avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  avia-bg-style-scroll  container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-22hx0q-b5ae0bf1d096c2c4e0965d19cb2acaf4\">\n.flex_column.av-22hx0q-b5ae0bf1d096c2c4e0965d19cb2acaf4{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-22hx0q-b5ae0bf1d096c2c4e0965d19cb2acaf4 av_three_fifth  avia-builder-el-1  el_before_av_two_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-fecb493612b63268dd02ee60efe7f83c\">\n#top .av-special-heading.av-av_heading-fecb493612b63268dd02ee60efe7f83c{\npadding-bottom:30px;\nfont-size:70px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-fecb493612b63268dd02ee60efe7f83c av-special-heading-h1 blockquote modern-quote  avia-builder-el-2  el_before_av_textblock  avia-builder-el-first  av-inherit-size '><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >BUSINESS SUCCESSION PLANNING<\/h1><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><blockquote>\n<p><strong>Why Do Family-Owned Business Need Succession Planning ?<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 14pt;\">The majority of ASEAN family-owned businesses were founded in the 1960s, following World War II, and lasting until the 1980s, during the region&#8217;s economic boom. Rising China family-owned businesses began slightly later after China&#8217;s economic reform in the 1990s, but today, most family-owned corporations have surpassed the world ranking.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Most of these family-owned businesses have grown into large corporations involved in a variety of businesses, with operations in various ASEAN countries as well as other regions. Most of these companies are owed by overseas Chinese.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Throughout the booming economy, the founders of these businesses have indeed acquired substantial wealth and have invested in a diverse range of assets in ASIA and around the world, which are subject to various laws of inheritance and taxation issues.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Another major task that faced by the family-owed business will be the succession issues on who should lead and how to have a smooth transition.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Most Chinese family-owned businesses have expanded globally in order to diversify and form alliances with international companies, which can also improve technology transfer within the region.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Chinese family-owned businesses are facing challenges as a result of high competition and regional instability, which necessitates more sophisticated succession planning and asset protection as a means of meeting these challenges.<\/span><\/p>\n<\/div><\/section><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1k0skq-0417789c3ee717711e50c25ada8152ce\">\n.flex_column.av-1k0skq-0417789c3ee717711e50c25ada8152ce{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-1k0skq-0417789c3ee717711e50c25ada8152ce av_two_fifth  avia-builder-el-4  el_after_av_three_fifth  avia-builder-el-last  flex_column_div av-zero-column-padding '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-meorp-9ca037f958bda8322319f0ca92746c51\">\n.avia-image-container.av-meorp-9ca037f958bda8322319f0ca92746c51 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-meorp-9ca037f958bda8322319f0ca92746c51 av-styling- avia_animated_image avia_animate_when_almost_visible pop-up avia-align-center  avia-builder-el-5  el_before_av_image  avia-builder-el-first  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-1207 avia-img-lazy-loading-not-1207 avia_image' src=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/001-1.jpg\" alt='' title=''  height=\"663\" width=\"761\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/001-1.jpg 761w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/001-1-300x261.jpg 300w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/001-1-705x614.jpg 705w\" sizes=\"(max-width: 761px) 100vw, 761px\" \/><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-meorp-27cc9113126d6180b0e88a1caf77a2f9\">\n.avia-image-container.av-meorp-27cc9113126d6180b0e88a1caf77a2f9 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-meorp-27cc9113126d6180b0e88a1caf77a2f9 av-styling- avia_animated_image avia_animate_when_almost_visible pop-up avia-align-center  avia-builder-el-6  el_after_av_image  avia-builder-el-last  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-1208 avia-img-lazy-loading-not-1208 avia_image' src=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/002-1.jpg\" alt='' title=''  height=\"502\" width=\"487\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/002-1.jpg 487w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/002-1-291x300.jpg 291w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/01\/002-1-36x36.jpg 36w\" sizes=\"(max-width: 487px) 100vw, 487px\" \/><\/div><\/div><\/div><\/p><\/div><\/div><\/div><\/main><!-- close content main element --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-287lbv-0adffb91d6815b52b8df1f6c2212e93c\">\n.avia-section.av-287lbv-0adffb91d6815b52b8df1f6c2212e93c .av-parallax .av-parallax-inner{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/06\/Picture1.png);\nbackground-position:50% 50%;\nbackground-attachment:scroll;\n}\n.avia-section.av-287lbv-0adffb91d6815b52b8df1f6c2212e93c .av-section-color-overlay{\nopacity:0.8;\nbackground-color:#000000;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-287lbv-0adffb91d6815b52b8df1f6c2212e93c alternate_color avia-section-default avia-no-border-styling  avia-builder-el-7  el_after_av_section  el_before_av_section  avia-full-stretch av-parallax-section avia-bg-style-parallax av-section-color-overlay-active  av-minimum-height av-minimum-height-25  container_wrap sidebar_right'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='25'><div class='av-parallax' data-avia-parallax-ratio='0.3' ><div class='av-parallax-inner alternate_color avia-full-stretch'><\/div><\/div><div class='av-section-color-overlay-wrap'><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ktb4uyf0-ef441903f2c37182eb61be8f1bbba4ef\">\n#top .av-special-heading.av-ktb4uyf0-ef441903f2c37182eb61be8f1bbba4ef{\npadding-bottom:20px;\nfont-size:50px;\n}\n<\/style>\n<div  class='av-special-heading av-ktb4uyf0-ef441903f2c37182eb61be8f1bbba4ef av-special-heading-h1 blockquote modern-quote modern-centered  avia-builder-el-8  el_before_av_textblock  avia-builder-el-first  av-inherit-size '><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >What are the problems that might arise for a Failed Succession ?<\/h1><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><blockquote>\n<p style=\"text-align: left;\"><strong><span style=\"color: #ffffff;\">According to MU Advisory Research \u2013<\/span><\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #ffffff;\">\u201cWhy Family-owed Business Failed in Succession Planning\u201d: our report show an estimated 40% of Chinese families have at least one succession problem tied up in court and about 60% facing family disputes over the business empire.<\/span><\/p>\n<p style=\"text-align: left;\"><strong><span style=\"font-size: 12pt; color: #ffffff;\">**The statistics based on our 1000 participants that attended on our trust seminar from 2015 to 2020 <\/span><\/strong><\/p>\n<\/blockquote>\n<\/div><\/section>\n<\/p>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><\/div><div id='av_section_3'  class='avia-section av-9dg0x-d18844100618c274b211a37376c5b1c9 main_color avia-section-default avia-no-border-styling  avia-builder-el-10  el_after_av_section  el_before_av_section  avia-bg-style-scroll  container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-185swh-e9e600cb9cec6aeab84b799db79f9386\">\n.flex_column.av-185swh-e9e600cb9cec6aeab84b799db79f9386{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-185swh-e9e600cb9cec6aeab84b799db79f9386 av_one_half  avia-builder-el-11  el_before_av_one_half  avia-builder-el-first  first flex_column_div av-zero-column-padding '   ><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><blockquote>\n<p style=\"text-align: center;\"><span style=\"font-size: 24pt;\">Based on The Family Business Institute research article by \u201cEconomic\u201d show the below information :<\/span><\/p>\n<\/blockquote>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgnquj4-faa596f968bf58ee0bb4d646594dd955\">\n#top .hr.hr-invisible.av-kjgnquj4-faa596f968bf58ee0bb4d646594dd955{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kjgnquj4-faa596f968bf58ee0bb4d646594dd955 hr-invisible  avia-builder-el-13  el_after_av_textblock  el_before_av_animated_numbers  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012\">\n.avia-animated-number.av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012{\ncolor:#b02b2c !important;\n}\n.avia-animated-number.av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012 .avia-animated-number-title{\nfont-size:32px;\n}\n.avia-animated-number.av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012 .avia-animated-number-content{\nfont-size:20px;\n}\n.avia-animated-number.av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012 .avia-animated-number-circle-inner{\nborder-style:none;\nbox-shadow:none;\n-webkit-box-shadow:none;\n-moz-box-shadow:none;\n}\n<\/style>\n<div  class=\"avia-animated-number av-kjgneutp-9da83b4d358bfb95e2e467adb8d96012 av-force-default-color avia_animate_when_visible  avia-builder-el-14  el_after_av_hr  el_before_av_hr  avia-color-font-custom \" data-timer=\"3000\"><strong class=\"heading avia-animated-number-title\"><span class='avia-animated-number-icon av-icon-before-number av-icon-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><span class=\"avia-no-number\">Around <\/span><span class=\"avia-single-number __av-single-number\" data-number_format=\"\" data-number=\"29\" data-start_from=\"0\">29<\/span><span class=\"avia-no-number\">%<\/span><\/strong><div class=\"avia-animated-number-content\"><p>of such businesses survived into the second generation.<\/p>\n<\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgnquj4-6a2036d3df58535a81cb225d1a616df7\">\n#top .hr.hr-invisible.av-kjgnquj4-6a2036d3df58535a81cb225d1a616df7{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kjgnquj4-6a2036d3df58535a81cb225d1a616df7 hr-invisible  avia-builder-el-15  el_after_av_animated_numbers  el_before_av_animated_numbers  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgneutp-024c3b45148044a974bede49dd835787\">\n.avia-animated-number.av-kjgneutp-024c3b45148044a974bede49dd835787 .avia-animated-number-title{\nfont-size:32px;\n}\n.avia-animated-number.av-kjgneutp-024c3b45148044a974bede49dd835787 .avia-animated-number-content{\nfont-size:20px;\n}\n.avia-animated-number.av-kjgneutp-024c3b45148044a974bede49dd835787 .avia-animated-number-circle-inner{\nborder-style:none;\nbox-shadow:none;\n-webkit-box-shadow:none;\n-moz-box-shadow:none;\n}\n<\/style>\n<div  class=\"avia-animated-number av-kjgneutp-024c3b45148044a974bede49dd835787 av-force-default-color avia_animate_when_visible  avia-builder-el-16  el_after_av_hr  el_before_av_hr  \" data-timer=\"3000\"><strong class=\"heading avia-animated-number-title\"><span class='avia-animated-number-icon av-icon-before-number av-icon-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><span class=\"avia-no-number\">Less than <\/span><span class=\"avia-single-number __av-single-number\" data-number_format=\"\" data-number=\"12\" data-start_from=\"0\">12<\/span><span class=\"avia-no-number\">%<\/span><\/strong><div class=\"avia-animated-number-content\"><p>into the third generation<\/p>\n<\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgnquj4-809de02ea72542e775527b119be917af\">\n#top .hr.hr-invisible.av-kjgnquj4-809de02ea72542e775527b119be917af{\nheight:40px;\n}\n<\/style>\n<div  class='hr av-kjgnquj4-809de02ea72542e775527b119be917af hr-invisible  avia-builder-el-17  el_after_av_animated_numbers  el_before_av_animated_numbers  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgneutp-7c8a6425e95b1793bbc27b6a885b85a6\">\n.avia-animated-number.av-kjgneutp-7c8a6425e95b1793bbc27b6a885b85a6 .avia-animated-number-title{\nfont-size:32px;\n}\n.avia-animated-number.av-kjgneutp-7c8a6425e95b1793bbc27b6a885b85a6 .avia-animated-number-content{\nfont-size:20px;\n}\n.avia-animated-number.av-kjgneutp-7c8a6425e95b1793bbc27b6a885b85a6 .avia-animated-number-circle-inner{\nborder-style:none;\nbox-shadow:none;\n-webkit-box-shadow:none;\n-moz-box-shadow:none;\n}\n<\/style>\n<div  class=\"avia-animated-number av-kjgneutp-7c8a6425e95b1793bbc27b6a885b85a6 av-force-default-color avia_animate_when_visible  avia-builder-el-18  el_after_av_hr  el_before_av_hr  \" data-timer=\"3000\"><strong class=\"heading avia-animated-number-title\"><span class='avia-animated-number-icon av-icon-before-number av-icon-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><span class=\"avia-no-number\">Only <\/span><span class=\"avia-single-number __av-single-number\" data-number_format=\"\" data-number=\"3\" data-start_from=\"0\">3<\/span><span class=\"avia-no-number\">%<\/span><\/strong><div class=\"avia-animated-number-content\"><p>make thru fourth generation<\/p>\n<\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgnquj4-809de02ea72542e775527b119be917af\">\n#top .hr.hr-invisible.av-kjgnquj4-809de02ea72542e775527b119be917af{\nheight:40px;\n}\n<\/style>\n<div  class='hr av-kjgnquj4-809de02ea72542e775527b119be917af hr-invisible  avia-builder-el-19  el_after_av_animated_numbers  el_before_av_animated_numbers  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjgneutp-07e0d19da6d8c8b4ee84234f501b692c\">\n.avia-animated-number.av-kjgneutp-07e0d19da6d8c8b4ee84234f501b692c .avia-animated-number-title{\nfont-size:32px;\n}\n.avia-animated-number.av-kjgneutp-07e0d19da6d8c8b4ee84234f501b692c .avia-animated-number-content{\nfont-size:20px;\n}\n.avia-animated-number.av-kjgneutp-07e0d19da6d8c8b4ee84234f501b692c .avia-animated-number-circle-inner{\nborder-style:none;\nbox-shadow:none;\n-webkit-box-shadow:none;\n-moz-box-shadow:none;\n}\n<\/style>\n<div  class=\"avia-animated-number av-kjgneutp-07e0d19da6d8c8b4ee84234f501b692c av-force-default-color avia_animate_when_visible  avia-builder-el-20  el_after_av_hr  avia-builder-el-last  \" data-timer=\"3000\"><strong class=\"heading avia-animated-number-title\"><span class='avia-animated-number-icon av-icon-before-number av-icon-char' aria-hidden='true' data-av_icon='\ue81f' data-av_iconfont='entypo-fontello'><\/span><span class=\"avia-no-number\">Majority of <\/span><span class=\"avia-single-number __av-single-number\" data-number_format=\"\" data-number=\"56\" data-start_from=\"0\">56<\/span><span class=\"avia-no-number\">%<\/span><\/strong><div class=\"avia-animated-number-content\"><p>failed within 1st generation<\/p>\n<\/div><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-15j8kx-227a35842e383193b285e6ae45e897c7\">\n.flex_column.av-15j8kx-227a35842e383193b285e6ae45e897c7{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-15j8kx-227a35842e383193b285e6ae45e897c7 av_one_half  avia-builder-el-21  el_after_av_one_half  avia-builder-el-last  flex_column_div av-zero-column-padding '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-vlzt-870c286ada0f1ae1a73b036e06da0bb4\">\n.avia-image-container.av-vlzt-870c286ada0f1ae1a73b036e06da0bb4 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-vlzt-870c286ada0f1ae1a73b036e06da0bb4 av-styling- avia_animated_image avia_animate_when_almost_visible pop-up avia-align-center  avia-builder-el-22  avia-builder-el-no-sibling  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-1789 avia-img-lazy-loading-not-1789 avia_image' src=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-848x1030.png\" alt='' title=''  height=\"1030\" width=\"848\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-848x1030.png 848w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-247x300.png 247w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-768x933.png 768w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-1264x1536.png 1264w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-1234x1500.png 1234w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart-580x705.png 580w, https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/08\/Piechart.png 1524w\" sizes=\"(max-width: 848px) 100vw, 848px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9dg0x-1ade648b76ee8fc36d0a9799ff776f5c\">\n.avia-section.av-9dg0x-1ade648b76ee8fc36d0a9799ff776f5c{\nbackground-color:#f2f2f2;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-9dg0x-1ade648b76ee8fc36d0a9799ff776f5c main_color avia-section-default avia-no-border-styling  avia-builder-el-23  el_after_av_section  el_before_av_section  avia-bg-style-scroll  container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ktb4xruh-f8e6d73466a3ff9564403a14fefcfcc1\">\n#top .av-special-heading.av-ktb4xruh-f8e6d73466a3ff9564403a14fefcfcc1{\npadding-bottom:20px;\nfont-size:50px;\n}\n<\/style>\n<div  class='av-special-heading av-ktb4xruh-f8e6d73466a3ff9564403a14fefcfcc1 av-special-heading-h1 blockquote modern-quote modern-centered  avia-builder-el-24  el_before_av_iconlist  avia-builder-el-first  av-inherit-size '><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >What are the succession factors faced by Family-owned Businesses in ASIA ?<\/h1><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0\">\n#top .avia-icon-list-container.av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0 .iconlist_icon{\nbackground-color:#b02b2c;\n}\n#top #wrap_all .avia-icon-list-container.av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0 .av_iconlist_title{\nfont-size:20px;\n}\n.avia-icon-list-container.av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0 .iconlist_content{\nfont-size:18px;\n}\n<\/style>\n<div  class='avia-icon-list-container av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0  avia-builder-el-25  el_after_av_heading  avia-builder-el-last  '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-kjglsl67-e4e37472b43e3ef50abee8ac50deaad0 avia-iconlist-animate'>\n<li><div class='iconlist_icon av-21grap-bfca57355c5d66bf428f308d25175149 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue821' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title    av-medium-font-size-overwrite av-medium-font-size-18'  itemprop=\"headline\" ><strong>FAMILY OWNED<\/strong><\/h4><\/header><div class='iconlist_content   av-medium-font-size-overwrite av-medium-font-size-16'  itemprop=\"text\" ><p style=\"text-align: left;\">Around 80% of the businesses were owned by family members that started their business when the economy boomed in the 80s.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-1ylgxl-29e51da92653d29904725c37573b5d6f avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue80a' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title    av-medium-font-size-overwrite av-medium-font-size-18'  itemprop=\"headline\" ><strong>SUCCESSOR<\/strong><\/h4><\/header><div class='iconlist_content   av-medium-font-size-overwrite av-medium-font-size-16'  itemprop=\"text\" ><p style=\"text-align: left;\">The founders of these companies normally are those from the small enterprises which ignored on grooming successors \u2013 now aged or passed on.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-1oxywh-7e76135a6cd7f651f551a9baec341130 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue83f' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title    av-medium-font-size-overwrite av-medium-font-size-18'  itemprop=\"headline\" ><strong>FAMILY DISPUTE<\/strong><\/h4><\/header><div class='iconlist_content   av-medium-font-size-overwrite av-medium-font-size-16'  itemprop=\"text\" ><p>Large family with a large number of children from a few wives, which might contribute to infighting over who will take control of the family business.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-1ktuc9-944f90216362b513615d64c88f0662e2 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue82a' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title    av-medium-font-size-overwrite av-medium-font-size-18'  itemprop=\"headline\" ><strong>BUSINESS MODEL<\/strong><\/h4><\/header><div class='iconlist_content   av-medium-font-size-overwrite av-medium-font-size-16'  itemprop=\"text\" ><p>Most family businesses lack a proper &amp; systematic business management model like the western corporation.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-1ge875-1d191ef03d0ca4b5f8c88580645e0fa8 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue830' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title    av-medium-font-size-overwrite av-medium-font-size-18'  itemprop=\"headline\" ><strong>EXIT PLAN<\/strong><\/h4><\/header><div class='iconlist_content   av-medium-font-size-overwrite av-medium-font-size-16'  itemprop=\"text\" ><p style=\"text-align: left;\">Most business owners focus their time on building their business empires rather than discussing succession issues and exit plans.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<\/ul><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_5'  class='avia-section av-9dg0x-4d46c8ff0e2a97fe31af0f04e10ecd6e main_color avia-section-default avia-no-border-styling  avia-builder-el-26  el_after_av_section  el_before_av_section  avia-bg-style-scroll  container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ktbcu2lk-c8f1b430285c712af1009fe54aab5d4a\">\n#top .av-special-heading.av-ktbcu2lk-c8f1b430285c712af1009fe54aab5d4a{\npadding-bottom:20px;\nfont-size:50px;\n}\n<\/style>\n<div  class='av-special-heading av-ktbcu2lk-c8f1b430285c712af1009fe54aab5d4a av-special-heading-h1 blockquote modern-quote modern-centered  avia-builder-el-27  el_before_av_hr  avia-builder-el-first  av-inherit-size '><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >What is Family Business Succession Planning ?<\/h1><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kn2aaf7n-07023cd06b6e21e5f8c7cce6d73eebe6\">\n#top .hr.hr-invisible.av-kn2aaf7n-07023cd06b6e21e5f8c7cce6d73eebe6{\nheight:10px;\n}\n<\/style>\n<div  class='hr av-kn2aaf7n-07023cd06b6e21e5f8c7cce6d73eebe6 hr-invisible  avia-builder-el-28  el_after_av_heading  el_before_av_one_full  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-185swh-e9e600cb9cec6aeab84b799db79f9386\">\n.flex_column.av-185swh-e9e600cb9cec6aeab84b799db79f9386{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-185swh-e9e600cb9cec6aeab84b799db79f9386 av_one_full  avia-builder-el-29  el_after_av_hr  avia-builder-el-last  first flex_column_div av-zero-column-padding '   ><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><ul style=\"list-style-type: square;\">\n<li><span style=\"font-size: 14pt;\">Succession planning is an important tool for ensuring the continuation of your business, advancing your goals, and protecting your future interests, and it requires a structured plan and preparation for the smooth transition of ownership, leadership, and management of the family business and family assets to future successive generations.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><ul style=\"list-style-type: square;\">\n<li><span style=\"font-size: 14pt;\">A structured succession plan can provide continuity and stability to family business management by eliminating challenges and disputes during the passing of the baton to next generation family members.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><ul style=\"list-style-type: square;\">\n<li><span style=\"font-size: 14pt;\">This structure plan is used in conjunction with family trusts and family foundations to ensure a smooth transition of leadership, effective decision making, and the protection of family wealth and relationships.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><ul style=\"list-style-type: square;\">\n<li><span style=\"font-size: 14pt;\">Without a succession plan, the business may face a high share dispute, jeopardising the family&#8217;s value and relationship.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><ul style=\"list-style-type: square;\">\n<li><span style=\"font-size: 14pt;\">Buyout the partner\u2019s interest at a fair price so that the business can continue without interference from his\/her family members. At the same time, the family members received a fair value of proceeds for estate settlement or living expenses.<\/span><\/li>\n<\/ul>\n<\/div><\/section><\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-j3zmd-9086468a22b46c77f6452734843896e3\">\n.avia-section.av-j3zmd-9086468a22b46c77f6452734843896e3 .av-parallax .av-parallax-inner{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2021\/06\/Picture2.jpg);\nbackground-position:50% 0%;\nbackground-attachment:scroll;\n}\n.avia-section.av-j3zmd-9086468a22b46c77f6452734843896e3 .av-section-color-overlay{\nopacity:0.7;\nbackground-color:#000000;\n}\n<\/style>\n<div id='av_section_6'  class='avia-section av-j3zmd-9086468a22b46c77f6452734843896e3 main_color avia-section-default avia-no-border-styling  avia-builder-el-35  el_after_av_section  el_before_av_section  avia-full-stretch av-parallax-section avia-bg-style-parallax av-section-color-overlay-active  container_wrap sidebar_right'  data-section-bg-repeat='stretch'><div class='av-parallax' data-avia-parallax-ratio='0.3' ><div class='av-parallax-inner main_color avia-full-stretch'><\/div><\/div><div class='av-section-color-overlay-wrap'><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1o0d9-73533d05a889faae27656d64c30829da\">\n.flex_column.av-1o0d9-73533d05a889faae27656d64c30829da{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-1o0d9-73533d05a889faae27656d64c30829da av_one_fourth  avia-builder-el-36  el_before_av_three_fourth  avia-builder-el-first  first flex_column_div av-zero-column-padding '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kgppn73t-f93d7fd3ec468225a9ec6edd2e9d3921\">\n#top .hr.hr-invisible.av-kgppn73t-f93d7fd3ec468225a9ec6edd2e9d3921{\nheight:120px;\n}\n<\/style>\n<div  class='hr av-kgppn73t-f93d7fd3ec468225a9ec6edd2e9d3921 hr-invisible  avia-builder-el-37  el_before_av_heading  avia-builder-el-first  '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-14ghip-a03d5c89b6ec0375359a2345a3d702c0\">\n#top .av-special-heading.av-14ghip-a03d5c89b6ec0375359a2345a3d702c0{\npadding-bottom:10px;\ncolor:#ffffff;\nfont-size:45px;\n}\n.av-special-heading.av-14ghip-a03d5c89b6ec0375359a2345a3d702c0 .special-heading-inner-border{\nborder-color:#ffffff;\n}\n<\/style>\n<div  class='av-special-heading av-14ghip-a03d5c89b6ec0375359a2345a3d702c0 av-special-heading-h2 custom-color-heading blockquote modern-quote  avia-builder-el-38  el_after_av_hr  avia-builder-el-last  av-inherit-size '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >What are the advantages for Business Succession Trust?<\/h2><div class='special-heading-border'><div class='special-heading-inner-border'><\/div><\/div><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9miet-91cad64b804165c018946f192914dfa7\">\n.flex_column.av-9miet-91cad64b804165c018946f192914dfa7{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-9miet-91cad64b804165c018946f192914dfa7 av_three_fourth  avia-builder-el-39  el_after_av_one_fourth  avia-builder-el-last  flex_column_div av-zero-column-padding '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f\">\n#top .avia-icon-list-container.av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f .iconlist_icon{\nbackground-color:#b02b2c;\n}\n#top #wrap_all .avia-icon-list-container.av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f .av_iconlist_title{\ncolor:#ffffff;\n}\n.avia-icon-list-container.av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f .iconlist_content{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-icon-list-container av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f  avia-builder-el-40  avia-builder-el-no-sibling  '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-kgppsdwi-11d73855d5d0ab9c3c68292f8d77223f avia-iconlist-animate'>\n<li><div class='iconlist_icon av-xk9k9-923042b40818ba2c55739b8086940051 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue824' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color '  itemprop=\"headline\" >PROTECTION OF ASSETS<\/h4><\/header><div class='iconlist_content av_inherit_color '  itemprop=\"text\" ><p>Normally, a family\u2019s business and family wealth are interlinked. Succession planning should apply a more structured approach to cover both family businesses and personal assets in the residing country, and residential real estate and businesses, which may be located outside the residing country.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-rwgdd-e0201e5d861eb0da3a6a8973dc70559a avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue83f' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color '  itemprop=\"headline\" >AVOID PROBATE<\/h4><\/header><div class='iconlist_content av_inherit_color '  itemprop=\"text\" ><p>Business and personal assets held outside of the residing country should be held separately in a proper structure to avoid the foreign assets being subject to lengthy probate proceedings under the laws of the country where they are located, costly inheritance taxes, and taxation conflicts.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-kmmg1-67362a389be8d4e8f0fb552ac7903e8c avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue82b' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color '  itemprop=\"headline\" >PROTECTIVE COMMITEE<\/h4><\/header><div class='iconlist_content av_inherit_color '  itemprop=\"text\" ><p>A structured approach to the management of the family business and family assets could involve the setting up of a family office with dedicated protective committee and providing centralised support in managing a family\u2019s wealth to enable it to endure successive generations. The combination of a family office under a family trust, or a family foundation can help avoid most of these problems.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-4k89-ec225a40654e3bc5e70989b5d81774b7 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue80c' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color '  itemprop=\"headline\" >BUSINESS CONTINUITY<\/h4><\/header><div class='iconlist_content av_inherit_color '  itemprop=\"text\" ><p>An effective way to ensure business continuity includes not just succession planning but also having in place mechanisms to manage family politics, conflicts, and dispute resolution.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<li><div class='iconlist_icon av-9qwld-a9ade9b6f52b147aaafad7e0aa691aa5 avia-font-entypo-fontello'><span class='iconlist-char ' aria-hidden='true' data-av_icon='\ue8c3' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='iconlist_content_wrap'><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color '  itemprop=\"headline\" >CREDITOR PROOF<\/h4><\/header><div class='iconlist_content av_inherit_color '  itemprop=\"text\" ><p style=\"text-align: left;\">Any failure of the business due to lawsuits or personal bankruptcy will have no direct impact on business assets.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class='iconlist-timeline'><\/div><\/li>\n<\/ul><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-vt561-0422daec865502ceb55c4c52cd9daa34\">\n.avia-section.av-vt561-0422daec865502ceb55c4c52cd9daa34 .av-parallax .av-parallax-inner{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/mu2u.com.my\/index\/wp-content\/uploads\/2020\/10\/teamwork-banner.jpg);\nbackground-position:50% 0%;\nbackground-attachment:scroll;\n}\n.avia-section.av-vt561-0422daec865502ceb55c4c52cd9daa34 .av-section-color-overlay{\nopacity:0.7;\nbackground-color:#000000;\n}\n<\/style>\n<div id='av_section_7'  class='avia-section av-vt561-0422daec865502ceb55c4c52cd9daa34 main_color avia-section-default avia-no-border-styling  avia-builder-el-41  el_after_av_section  avia-builder-el-last  av-parallax-section avia-bg-style-parallax av-section-color-overlay-active  container_wrap sidebar_right'  data-section-bg-repeat='no-repeat'><div class='av-parallax' data-avia-parallax-ratio='0.3' ><div class='av-parallax-inner main_color avia-full-stretch'><\/div><\/div><div class='av-section-color-overlay-wrap'><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-841'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-er7bd-1131764c76c2ef118d845a83c69a5dc7\">\n.flex_column.av-er7bd-1131764c76c2ef118d845a83c69a5dc7{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-er7bd-1131764c76c2ef118d845a83c69a5dc7 av_one_full  avia-builder-el-42  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding '   ><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><p style=\"text-align: center;\"><span style=\"color: #ffffff;\"><strong><span style=\"font-size: 14pt;\">Need further information ? 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