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Summary For Siu Fung

Summary For Siu Fung

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Title: Summary For Siu Fung

Essay Details:

Subject: History

Author: Elizabeth C

Date: September 19, 2014

Level: University

Grade: A

Length: 2 / 490

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. The group’s financial crisis has dragged several of Siu Fung’s German acquisitions into bankruptcy. 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...

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