- Liquidation of foreign owned subsidiaries in Malaysia of foreign listed holding entities domiciled abroad,
- Restructuring and Members’ Voluntary Liquidation of a private limited company (Sdn. Bhd.). After 40 years of operation, the shareholders opted for voluntary liquidation. Tangible assets were disposed at fair value, existing sales contracts with customers were sold to willing buyers, agency/distribution contracts with foreign suppliers were sold to third parties and the liabilities were fully redeemed, in turn, excess funds together with unsold assets were distributed and returned to shareholders. The company was eventually dissolved and struck off from the registrar of companies.
- Rectification of complex and long-standing accounting issues faced by a reputable private limited company in the Northern Region. This includes managing large unreconciled differences in inventory, cash & cash equivalents accounts, long standing unpresented cheques and related parties’ transactions. Internal control system has been rectified and strengthened for cash related transactions to limit theft and embezzlement.
- Rectification of issues surrounding revenue recognition matters in accordance with MFRS 15 facing a private limited company of a specialized industry in the Northern Region. Successfully corrected the accounting entries, determine the correct timing for revenue recognition and its transaction price based on the economic substance of the transaction rather than its legal form.
- Key negotiator in concluding the sale of foreign companies domiciled in Malaysia and Singapore, which were fully owned by a multinational corporation. This includes the formation and execution of S&P agreement, negotiation of key terms and conditions, determination of selling price, monitoring regulatory and taxation matters and settlement of other pre and post disposal issues.
- Appointed by a German multinational corporation in the medical industry as the key negotiator in the appointment of two (2) public listed companies as exclusive distributors/agents for Malaysia and Singapore markets. This includes the formation of long-term exclusive distribution contracts, negotiation on purchase price and yearly volume commitment, payment terms, default insurance coverage, logistic and other terms, and conditions.
- Assisted a top legal firm in Kuala Lumpur to serve “Writ of Summon” issued by High Court of Malaya to a defendant in the Democratic Republic of Germany. The serving of documents was made via Malaysian Government diplomatic bags and German court bailiff. The serving of documents was successfully executed to allow appropriate action to take place at the Malaya High Court in Kuala Lumpur.
- Assisted a top legal firm in Kuala Lumpur in negotiating financial matters on behalf of a plaintiff at the Kuala Lumpur High Court Mediation Centre for out of court settlement matters on a legal case arose out from breach of contract. We, together with the legal team were successful in securing monetary compensation for the plaintiff.
- Assisted a top legal firm in Kuala Lumpur as Expert Witness on financial matters at High Court of Malaya for fraudulent misrepresentation case (tort/deceit). Further assisted the same legal firm in validating the accuracy and reasonableness of the financial damages/compensation by scrutinizing financial data and
- Provide financial and market entry advisory services to FMCG multinational company domiciled in France to engage in consumer/retail business in Malaysia.
For other references and experience, please contact us for more details.