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Song Tianyao proposed using British department stores to sell Hong Kong-made wigs and discussed how the sales could boost the colony’s reported figures. Shek Chi-yik agreed to help arrange talks and confirmed that HSBC would handle Song’s loan through Angie Pellis’s company, leaving Song startled by the assigned manager’s name, Michael Sandberg, also known as Shen Bi.
- Song Tianyao asked Shek Chi-yik to help promote his wigs to Lane Crawford, Marks & Spencer, and Debenhams as British goods.
- Song Tianyao offered the department stores wigs for HK$1,050 each and said HK$50 per sale would go to Mrs. Bess’s Oxfam account.
- Song Tianyao explained that his four machines could produce about nine hundred wigs a month, worth HK$900,000 at the factory price.
- Shek Chi-yik questioned whether Song would share the American market with other manufacturers, and Song said he would follow the plan in his notebook.
- Shek Chi-yik confirmed HSBC would process the loan through Angie Pellis’s company and named Michael Sandberg, or Shen Bi, as the business manager.
- Song Tianyao recognized the name Shen Bi and privately recalled Sandberg’s later connection to Li Chaoren and Hutchison Whampoa.