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Essay

Summary For Siu Fung

Essay specific features

 

Issue:

History

 

Written by:

James B

 

Date added:

September 30, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 490

 

Was viewed:

5240 times

 

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Essay content:

At the end of 1993, Siu Fung went public and Siegfried Lee had been praised as Hong Kong’s youngest self-made billionaire. In 1994, Siu Fung took one step further and formed a 660m yuan ceramics tableware company, Siu-Fung Concept. However, the project was too aggressive and overspending, it is impossible to control and supervise 30 factories and the joint ventures ceramics kingdom in same time...
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While there were still losing money in mainland ventures, In 1996, Siu-Fung further expanded its business through the acquisition of 3 German ceramics manufacturing companies. After the groups announced it was scrapping a plan to spin-off German companies for a separate listing in New York Stock Exchange, a rapid drop on its shares price and the collapse cannot be stopped...
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