SINGAPORE (Jan 15): Singapore’s largest listed companies are mostly government-linked entities, but there are also a good many that would be classified as family businesses. These include the likes of City Developments, controlled by the Kwek family; Thai Beverage, controlled by Charoen Sirivadhanabhakdi; Genting Singapore, controlled by the Lim family; and United Overseas Bank (UOB), led by the Wee family. In fact, the local stock market is largely comprised of family-owned — and often family-run — businesses. While these family businesses often have the benefit of a highly motivated shareholder, they carry their own unique set of risks.

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