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“Our team of professionals
is highly experienced and knowledgeable in both international and
Chinese regulatory, accounting and tax issues, as well as finance
and business advisory. As a correspondent member of DFK International,
a major international association of independent accounting firms
and business advisers, we provide a most comprehensive array of professional
services to our clients at their pre-investment and post-investment
stages. To this end our services cover the following aspects:”
Pre-investment Stage:
 Sourcing
of investment opportunities and joint venture partner identification
and evaluation
Feasibility
studies , market research on industry, product potential, competitors,
customers profile, entry strategy
Due
diligence on financial performance, asset valuation and management
profile of target companies
Negotiation
on finalizing investment deals
Setting
up of joint ventures or wholly foreign-owned entities; completing
all legal and regulatory procedures pertaining to their full operation
Development
of overall business strategy in China; building an appropriate team
of staff; engaging professionals of different disciplines to meet
varying needs
Production
support including quality control, follow up on shipment and managing
suppliers
Arrangement
for financing in the form of bank loans, convertible instruments
and equity investment
Post Investment Stage:
Our post-investment service covers monitoring financial and other
aspects of the investment project from inception. The monitoring
mechanism is in effect an internal control function. It is intended
to be relied upon by management at the Head Office to provide them
with a reasonable level of comfort that adequate internal control
procedures are established at overseas operations to prevent misappropriation
of company assets. The need for Monitoring arises from:
Possible
misappropriation by staff
Incompetent
staff
Head
office staff lacking adequate knowledge of local customs and operational
environment
Inherent
distrust
Breakdown
in communication
Desirability
for a good deterrent to prevent irregularity (before damage is done!)
In these regards we provide our clients with:
Recommendation
to management to improve all aspects of control
Monitoring
of local management to minimize opportunities for irregularity
Close-range
vigilance over local management to enhance performance
Providing
second opinion to Head Office on contentious issues
Enlightening
management on local business practices
Independent
review to add credibility to local management
Accounting and Operational Support:
Maintenance
of accounting books and records
Preparation
of periodic and annual accounts
Handling
of commercial papers, e.g. banking and shipping documents
Target
screening and evaluation
Negotiation
support
Establishment
of operating entity: JV, WFOE, FICE
Completion
of legal and regulatory requirements
Performance
monitoring
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