Hilco
Trading, LLC, a world leader in tangible and intangible valuation
and asset disposition services, today announced the opening of its Hong
Kong office providing asset valuation and disposition services through
China. Francis Yau, a 25+ year industry veteran has been named
CEO-HilcoBid Hong Kong Ltd. He will be responsible for managing the
Greater China Region for Hilco.
The new HilcoBid office will provide industrial asset disposition
services through auctions and negotiated sales, online capital asset
redeployment services, and a complete platform of asset appraisal
services throughout the greater China region, including Hong Kong,
mainland China and Taiwan.
Jeffrey B. Hecktman, Chairman and CEO of Hilco Trading, said of the new
Hong Kong office, “We are fortunate to have Francis Yau representing
Hilco in one of the world’s most important economic regions. His team
ensures that Hilco is now well-positioned to provide customers
throughout the Asia-Pacific region with the highest quality asset
valuation, repositioning and disposition services, and fast response to
their needs.”
Hilco had been doing business in the Asia-Pacific region for many years.
However, the opening of a full-service HilcoBid office in
Singapore early in 2011 marked the beginning of an initiative to
establish a region-wide physical presence. In February, 2012, a second
HilcoBid office was opened in Bangkok, Thailand. Supanit
Chaiyawat, a 15-year asset disposition and valuation industry veteran
formerly with DoveBid, was named CEO-HilcoBid Thailand. Also in
2012, Hilco opened an office in Sydney, Australia.
“Our presence in Asia, combined with operations in the United States,
Canada, Mexico, Central and South America, and Europe, enables Hilco to
provide a truly global platform that is unmatched in our industry,”
added Mr. Hecktman.
Francis Yau began his career with the Henry Butcher Company in 1986 as
Business Manager. He became a director in 1989 and remained with the
company until 2000, when he joined DoveBid as Director of Auction and
Valuation Services.
During his career, Mr. Yau has amassed deep and broad experience in
valuing and monetizing capital assets in several key industries,
including electronics, paper, bio-pharma and mining. He has worked with
leading companies in each of these sectors, including Nokia, Motorola,
Thompson, Unilever, P&G, JDSU, Philips, Merck, Charles River, Taiwan
Formosa and Ricoh.
Commenting on the opening of the HilcoBid new office, Mr. Yau
said, “I am pleased to be part of the Hilco organization and look
forward to a long and productive relationship. Companies with
manufacturing operations in the greater China region now have direct
access to the world’s most experienced capital asset appraisal practice
and the most advanced 24/7/365 online auction and asset redeployment
platform to manage and sell their surplus capital assets.”
Contact information:
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Mr. Francis Yau
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HilcoBid – Greater China Region
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Mezz Level
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308-312Ma Tau Wai Road
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Kowloon, Hong Kong
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Telephone:
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852-2893-8266
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Fax:
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852-2893-8277
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Email:
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fyau@hilcobid.net
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About Hilco® Trading, LLC
Hilco (www.hilcotrading.com)
is a closely-held, diversified financial and operational services firm.
Its principal competency is valuing and monetizing business assets,
including retail, consumer and industrial inventory, machinery and
equipment, real estate, accounts receivable and intellectual property.
Through an integrated platform of more than 20 business units, Hilco
helps companies and their professional advisors derive the maximum value
for said assets through appraisals, asset disposition and acquisition
services, private equity investments, advisory and consulting services.
Hilco serves retailers, wholesalers, distributors and manufacturers,
directly and through their lenders, investors and advisors, which can
include private equity firms, hedge funds, investment banks, law firms,
turnaround professionals, accounting professionals, bankruptcy trustees
and receivers.
CONTACTS :
Hilco Trading, LLC
Gary C. Epstein
Chief Marketing Officer
gepstein@hilcotrading.com
+1 (847)-418-2712
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