'I have asked my son about the succession plan, and he said he does not want to live a life like mine,' Wang, 62, told an entrepreneurs summit over the weekend.
The transcript of the speech published on the Wanda group website was translated from Chinese by South China Morning Post.
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Quote
Perhaps
young people have their own quests and priorities. Probably it will be
better to hand over to professional managers and have us sit on the
board and see them run the company,' Wang said.'We have several
professional managers as candidates. 'The one who is handpicked and
later trained to be a business leader should be no better than those who
manage to stand out of the others through competition.'
Wang Sicong is a director at his father's empire, with a 2 per cent stake, South China Morning Post reported.

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