The transcript of the speech published on the Wanda group website was translated from Chinese by South China Morning Post.
‘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.