U.S. President-elect, Donald Trump is to remain at the helm of affairs at his company until January as he has delayed announcement of the takeover plan.
The announcement which was originally set for Tuesday has been moved meaning that Trump still remains in power at his business empire,
Trump is billed to separate himself “in total” from his worldwide business holdings to avoid conflict of interest with his Presidency.
Among Trump’s holdings are hotels and golf resorts from Panama to Scotland, besides a winery and modeling agency.
However, legal experts say the only way he could entirely avoid conflicts of interest would be to sell his global holdings, Reuters reports.
“The announcement will be in January,” Trump spokesman Sean Spicer said on Monday, without giving any reason.
The Republican president-elect has not held a news conference since winning the Nov. 8 election.
After Trump’s victory, his company, the Trump Organization, said it was looking at new business structures with the goal of transferring control to Donald Trump Jr., Ivanka Trump and Eric Trump, three of his children who are involved with the company.
In a series of messages on social network Twitter, Trump said he would leave his businesses before taking office on Jan. 20, to focus on the presidency.
“Two of my children, Don and Eric, plus executives, will manage them,” Trump tweeted late on Monday. “No new deals will be done during my term(s) in office.”
Trump added that he would hold a news conference in the “near future” to discuss business matters, his cabinet picks and other topics.