King Tse Sui Luen Jewelry - Jewelry, Jewelry - Jewelry Industry

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TSL: is life all about money

Single-handedly created the "TSL" jewels of the Kingdom, to open stores all over Southeast Asia, Hong Kong and the mainland of TSL only read two primary schools, with their own efforts from scratch, from 3,000 loans since its peak when the net worth of 2.0 billion is sitting. TSL

68-year-old, life was quite steep. Formal bankruptcy in 2000, is several times twists and turns. For a "resurrection", for a further transfer "detainees" news.

Difficult business

68 years old this year, TSL was born in Nanhai, Guangdong, his family moved to Hong Kong in 1945, has been the poorest squatter areas "Tiger Rock" life, because of poor family read-only primary school less than two years he was forced to drop out of school . To collect waste from his father after living and became a Xiaoxie junk. "13 years old, parents to let him have a professional skills, took him to the friends opened a goldsmith shop apprentice goldsmith after 5 years apprenticeship, the TSL that is not enough, so he decided to learn another system of Western-style jewelry Xiang, before and after the apprenticeship years, to suffer to make a hardship. TSL said, was the greatest comfort is hard to save a little bit of change, and then to Great light cinema.

23 years old, TSL appreciated by a boss, to lend him 3,000 yuan, he launched his entrepreneurial style "golden journey." "I was no money for the master, received only a disciple, I, and he was less than 100 square feet of room, work hard 16 hours a day." Years of the life of diligence and frugality, as well as innovation in product design , business has become increasingly prosperous together. In 1971, TSL's goldsmith workshop in the business for 12 years after the official registration, and to his own name, Tse Sui Luen Jewellery Co., Ltd. was formed. In 1987, Tse Sui Luen Jewellery is listed on the SEHK. With the more powerful sources of capital, the size of the company in 1991 has reached 1,100 employees, while also distributing products to China, the United States, Singapore and Thailand.

"Time is not to"

Gradually when the size of the company on track, business is expanding, the TSL bent taken the jewelry industry, the huge profits into real estate. 1981 and 1982, the Tse Sui Luen Jewellery business with money earned to buy a large hand shops and property. At this point, the Sino-British negotiations on Hong Kong was hit by the confidence crisis caused real estate prices fell sharply, TSL playing with toys.

"Licking the blood" after his line of work he re-enter the jewelry business, operating under the hard, Tse Sui Luen Jewellery officially listed in 1987. Xie recalled that the failure of their own experience, it does not recognize the lack of investment because of their vision, but because "time is not to be."

Stubborn character so that he can safely pass through the difficulties, but also difficult for him to be spared making the same mistakes. Shortly after the 1987 listing, the sense of suppressed ambition for several years, made him a little quick success. Yuxing 1990 he successfully won control of real estate companies, as the group's flagship investment in real estate. He once bought a large amount of property, so that as much as 140% debt to equity ratio, interest payments alone reached 70 million yuan. Over-indebted, the TSL must find ways to reduce their debts, so he put in the same year in June with Yuxing shares to 200 million yuan, Wan Chai, together with land for sale, sold to the Emperor Group chairman Albert Yeung. Unexpectedly, the Hong Kong Government and the mainland, the negotiations on the new airport is becoming clear, even in the middle of the year seven new Memorandum of Understanding signed, the property prices go up as the rocket ride, the result Yeung built on top of the site, Emperor Group Centre, worth about 20 billion, while the TSL can only be looked on helplessly while the "plump chicken" into someone else's mouth.

Real estate doom

Saying Shibuguosan. TSL full, "decided the fate", in June 1997 on the eve of the financial crisis, the Hong Kong property market close to the peak, the TSL has spent 500 million yuan to purchase the Lai Sun Group Prat Avenue, Tsim Sha Tsui Polly Commercial Building, while he was involved in multi- stock investment item declared lost.

Article Source: http://depositarticles.com/

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