Daily News: January 10, 2013

Hilco Expands to Hong Kong


Hilco Trading announced it is opening a Hong Kong office to provide asset valuation and disposition services through China. Francis Yau, a 25-plus year industry veteran has been named CEO of HilcoBid Hong Kong Ltd. He will be responsible for managing the Greater China Region for Hilco, including Hong Kong, mainland China and Taiwan.

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.

Jeffrey B. Hecktman, chairman and CEO of Hilco, said, “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 has been doing business in the Asia-Pacific region for many years. The company has offices in Singapore and Bangkok, 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 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.

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.”

Hilco is a financial and operational services firm.