NORTHBROOK, Illinois, USA, January 08, 2013 – 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.”
Mr. Francis Yau
HilcoBid – Greater China Region
308-312Ma Tau Wai Road
Kowloon, Hong Kong
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.