Customer

A leading global home appliances manufacturer in Hong Kong. Listed in Hong Kong Stock Exchange, a leading provider of digital imaging, audio, and video electronics. 

Project Title

Resin-PP 94HB Sourcing Project

Bidding Item

Plastic Resin - Polypropylene (PP) 94HB

Suppliers

5 qualified suppliers from Hong Kong and China invited and participated

Budget

Approximately HKD 2,400,000

Bidding Date

Jun 2011

Bidding Strategy

Bidding in one single lot. Bidding period set to be 30 minutes. Any new bids coming in the last 3 minutes would extend the period by 3 more minutes. Bidders could see their rank only. 

Bidding Result

The whole bidding lasted for 30 minutes with 40 bids received and 8 automatic close time extension.