Title: Summary For Siu Fung

Essay Details

Subject: History
Author: Elizabeth C
Date: September 19, 2014
Level: University
Grade: A
Length: 2 / 490
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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