Panerai Watches Blog

In recent years, Hong Kong and the Mainland increasingly blurred dividing line between the two places watches the industry is the inevitable direction of development. In which capital, technology management and networking are the strengths of Hong Kong businessmen in Mainland SMEs the advantages of using Hong Kong companies can accelerate the pace of going out can also be honed international mode of operation, to understand the market demand, so as to establish the future direction of development.

of the Mainland’s export volume ranks the first in the world watches and clocks, in the development process in the rise of a number of small and medium sized manufacturers. Large-scale producers in the policy of encouragement, in the development and introduction of advanced equipment and vigorously injecting capital. Due to its relatively low operating costs, the mainland’s watch manufacturing industry in the middle and low into the table and OEM production of an advantage on the market.

Mainland watch industry has a skilled workforce and R & D personnel is conducive to the future development of the industry. However, due to lack of international networks, failed to fully interpret international trends and information, in the design and product function failed with the international market. In addition, the Mainland, the industry’s product quality and operational management have yet to be upgraded by the international buyers are still some reservations about the industry on the mainland.

As for Hong Kong’s watch industry, since the 80 years since has become the world’s largest supplier of watch parts. With the production lines to the north, combined with the technology in Taiwan and South Korea, Hong Kong manufacturers into the table produced a dominant position in the high-end products. As the internationalization of Hong Kong products, design new and innovative, so are consumers.

To sum up, Hong Kong manufacturers a stronger ability in market development and promotion, have a vast international network, both international credibility. Its production level, not only between the traditional foundry production and design and production, some of the industry in recent years towards the direction of the brand product. However, given the cost of production in recent years, rising to the PRD as a production base for Hong Kong manufacturers in the international market competitiveness will inevitably be affected.

the current international market, the Swiss watch production although the less, but the value of exports is still highest in the world. As the Swiss watch brand with a history of high added value, identity, symbols of people’s minds, it has been ranked as high-end watch market, to maintain profits. However, with the aging of the local clock employees in recent years, the situation began to lean.

the face of international market trends, Hong Kong and the Mainland watch industry can cooperate in many ways. At the technical level, in order to enhance their competitive edge, Hong Kong watch industry is developing its own movement; the mainland-owned R & D and production technologies movement fits in well with each other’s advantages, such as the movement of the supply of parts, do not exclude the possibility of the mainland as a partner with the industry.

In the production, sale level, the mainland could be responsible for the production, Hong Kong, focused on the design and promotion. Hong Kong with the industry in the design, export trade and international relations, compared with Mainland counterparts have more experience and convenient; mainland counterparts in the cost of production control has some attractions. At present, many Hong Kong businessmen the main design and sample making, some of the more simple parts, such as the strap, case, or a more affordable price orders into a table, then work to the mainland factories.

in the trade level, there are in the same industry trade patterns in Hong Kong for foreign customers purchase accessories or watches produced in the mainland into a table, move to Hong Kong and the Mainland will benefit both the same industry.

In addition, the Mainland and Hong Kong through the same industry with the industry to assist in the production of Hong Kong businessmen to establish the brand, and thus learn from Hong Kong’s international design concept and brand management skills. Hong Kong businessmen doing things rigorous, international image and health, but also willing to provide comprehensive after-sales service of products in order to play the brand name of Hong Kong would be more readily acceptable to foreign consumers. At the same time, combined with the Mainland and ability to improve the matching of production, R & D unique watch technology, complementary advantages of these results.

Shares rose above the resumption Jiucheng

It is understood that the consortium members include Standard Chartered (02888, hk) unit standardchar-teredprivateequity, the fund lcapitalsincere, by Sincere Watch Chief Executive Officer and Managing Director, Zheng Lian-wei held tripleaenter-prises, ABN AMRO, BNP Paribas, and ing and so on. Since the Yi Jin Lee watches his former club after the bankruptcy of Sincere Watch has always been an uncertain fate. Sincere Watch Hong Kong last night announcement said the acquisition side has the opportunity to privatize the company. This shows that Sincere Watch finally found a destination. Yesterday after the stock went up 94.44 percent resumption, but then fell to close at 0.9 Hong Kong dollars, up 25% of the whole day.

The Unit in July 6, 2007 reached a record high bit 1.43 Hong Kong dollars, while in June 2008 after 6 slumped 1.33 yuan in the year March 18 fell to the lowest point of the year 0.24 Hong Kong dollars.

Easy two years old watch the main line

Sincere Watch (sincerewatch) was established in 1954, the Singapore Stock Exchange in 1993, is Asia’s largest retailers and distributors to the list of one’s own sincere and emotus multi brand store, and single – brand shop Omega, Longines and the Law Lan Mule (frankmuller) and so on.

the end of 2007, listed in Hong Kong should watch for the expansion into the Asian business profits will be Sincere Watch Singapore’s comprehensive acquisition, share purchase price of 2.05 Singapore dollars in cash and 0.228 shares of new shares Yi Jin Lee watches (issue price of 12.096 Hong Kong dollars), totaling about 530 million Singapore dollars (about 2.767 billion Hong Kong dollars).

Yi Jin Lee watches will be followed in which 205 million shares (approximately 99.42% total equity) as collateral for by ABN AMRO, BNP Paribas, and ing a number of banks such as a consortium, in exchange for 500 million U.S. dollars loan. In the Yi Jin Lee watches After bankruptcy, the shares from the Singapore branch of ABN AMRO Mortgage Trust who managed to complete the sale by the bank.

Last year in November, following Lee watches the mainland should enter the retail business transferred to the Chow Tai Fook Group, the Sincere Watch has aroused more than 10 investor interest, at the time Sincere Watch is valued at 500 million Hong Kong dollar.

This year early in August, once the suspension Sincere Watch, said the acquisition is being approached, but did not reach an agreement. But the shares resume trading day, fired a high 80 percent in intraday trading.

October 2, the unit re-suspension. Hong Kong media had speculated that potential buyers may have to the list of China’s largest retailer Xinyu Hengdeli (03389, hk). Transaction price when the market is estimated at 2 billion to 300 million Singapore dollars. The transaction is announced, the price of 113 million Singapore dollar is striking. In addition, the per share purchase price for 0.548 Singapore dollars, compared with the year ended March 31 Sincere Watch Singapore dollar 0.728 per share net asset value of approximately 24.71% discount.