Jewelry King: TSL's entrepreneurial path




TSL 1936, was born in Hong Kong.
Read-only primary school less than two years, he would be forced to drop out of school because of poor family after his father, to collect waste for a living.
13 years old, parents to let him have a professional skills, took him to a goldsmith shop as an apprentice, where he was school teacher for 7 years, to suffer to do the suffering. When all of the work are learned, the TSL will open their own business goldsmiths, when he was only 21 years old.
In 1957, With an appreciation of his expert had lent him 3,000 yuan, TSL bought 50 of gold, rented a house and bought some tools of trade, the opening of a little gold shop. Will officially launch his "golden journey."
After 5 years of the life of diligence and frugality, and continuous innovation in product design, business will increasingly prosperous.
In 1971, Tse Sui Luen Jewellery Co., Ltd. was established.
In 1987, Tse Sui Luen Jewellery Company Limited in Hong Kong Stock Exchange listings. With the more powerful sources of capital, the 1991 has reached 1,100 employees, while also distributing products to China, the United States, Singapore and Thailand. diamond diamond.yifei8.net
In 1981 and 1982, the TSL as satisfied with simple jewelry business, he rashly involved in real estate and eyewear retail business, with the jewelry business earned money to buy a large hand shops and property.
At this time, the Sino-British negotiations on Hong Kong was hit by the confidence crisis caused real estate prices fell sharply in the The campaign losing, TSL.
He then re-enter their line of work jewelry business, operating under the hard, Tse Sui Luen Jewellery officially listed in 1987.
In 1990, he successfully won control of Yuxing real estate companies, as the group's flagship investment in real estate.
In June 1997, that the financial crisis on the eve of the 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 a number of stock declared investment losses .
Thus, in 1997/1998, the Group's debt rose to its highest level, amounting to 1.34 billion yuan, debt ratio since 1992, rose to its highest point, up to 100%. diamond diamond.yifei8.net
June 1998 TSL also launched the "one billion yuan diamond big dumping" within two months for the group in the taking of nearly 300 million yuan of funds, but still no avail.
TSL since the end of Suez Asia Holdings debt owed more than 50 million yuan, was the other in 2000, he filed for bankruptcy, other creditors also have joined the recovery of debts.
September 25, 2000, TSL is the official bankruptcy court order.
In March 2000 on the eve of bankruptcy, he listed company's controlling stake Tse Sui Luen Jewellery transferred to the eldest son Tommy Tse, so business as usual in his operation even after bankruptcy.
September 2004, reached to reschedule the premature termination of the bankruptcy order.
3,000 built by borrowing huge investment in real estate jewels of the Kingdom of failure "three ups and downs," once bankruptcy.
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.
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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
TSL 68 year old was born in Guangdong, South China Sea, his family moved to Hong Kong in 1945, has been the poorest squatter areas "Tiger Rock" life, due to a poor family in less than two years of primary school read-only he was forced to drop out of school. To collect waste from his father after living and became a little "junk." 13 years old, parents to let him have a professional skills, took him to the friends opened a goldsmith shop as an apprentice. "When the first year of apprenticeship does not pay, but everything to do, sweep the floor, inverted spoon of washing dishes, cooking and grocery shopping and so on. "After five years of goldsmithing 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 do the suffering. TSL said, was the greatest comfort is hard to save a little bit of change, and then to the big bright cinema.
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When all of the work are learned, the TSL will open their own business goldsmiths, when he was only 21 years old.
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, and 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.

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