Expert Details
China Merger and Acquisition, China Investments - Company setup, Business Regulations, Tax and GAAP
ID: 730479
China
• Assisted a Swiss soft-drink company interest in penetrating Hong Kong and China with market research, Business Plans and Feasibility Studies• Management Consultancy capacity for a Canadian software interested in penetrating China market or investing in ChinaAdvice on integration for an U.S. firm posted Merger and Acquisition of a H.K. firm
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1983 | Degree: MBA | Subject: Acconting and MIS | Institution: Indiana University of Pennsylvania |
| Year: 1981 | Degree: BS | Subject: Accounting | Institution: Brigham Young University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2011 to 2012 | Employer: You Plus Link Limited | Title: Associate Director | Department: |
Responsibilities:•Assisted subject matter experts in Hong Kong and China with market research, business plans and Feasibility Studies•Management Consultancy capacity for foreign companies interested in penetrating the Chinese market or investing in China •Hydro energy project |
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| Years | Employer | Title | Department |
| Years: 2002 to 2010 | Employer: Joy Global Inc | Title: VP Finance | Department: Finance |
Responsibilities:•Developed the firm’s PRC business and oversaw the finance functions including implementing variable pay/incentive structure in the firm’s local subsidiaries•Identified suitable local partners and performed due diligence for merger and acquisition by Joy Mining to expand the firm’s business in China •Responsible for driving the company’s sales in China –profitable from second year of operations onwards for most of the startups facilities •Identified local sourcing to reduce overall costs to boost profitability •Recruited and trained local financial team (part of localization program) •Appointed as Power Attorney by CEO to negotiate initial investment terms with the local Chinese authorities •Appointed Chief Rep of Kunming Operation (2005)- responsible for the start up of the business unit (operation and sales) •Appointed General Manager of Joy Mining’s Wuxi acquisition (2009) |
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| Years | Employer | Title | Department |
| Years: 2001 to 2002 | Employer: 360 Inc | Title: Management Advisor | Department: |
Responsibilities:•Implemented post M &A integrations after firm was acquired by US venture capital•Reengineering to streamline operation and improve on efficiency •Responsible for the conversion of IT system from Platinum to Oracle Financials |
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| Years | Employer | Title | Department |
| Years: 2000 to 2001 | Employer: Seagram Universal Studio | Title: Financial Director | Department: |
Responsibilities:•Responsible for PRC financial reporting and business functions of China & Hong Kong•Liaised with Chinese partners, auditors, government officials •Set up financial models to analyze the cost/benefit of using distributorships to improve market penetration in China including market coverage, pricing and distribution rights |
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| Years | Employer | Title | Department |
| Years: 1995 to 1999 | Employer: J.R, Simplot (China) | Title: Country Manager/CFO | Department: |
Responsibilities:•Developed long term strategy for Simplot’s business in China•Negotiated equity swap with joint venture partners to inject additional equity to expand Simplot’s business •Responsible for Simplot’s finance function and tax planning in China •Recruitment, training of local finance team and developed retention/incentive program •Identified new investment opportunities and potential joint venture partners •Liaised with local government officials on investment related and tax matters |
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| Years | Employer | Title | Department |
| Years: 1989 to 1994 | Employer: Progressive Soltions Inc | Title: Finance and Administration Manager | Department: |
Responsibilities:•Set up and managed financial reporting systems (cash flow, CAPEX)•Implemented operational policies including audit and control •Implemented testing standards for financial applications using GAAP •Secured venture capital injection of CDN 2 mln |
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Government Experience
| Years | Agency | Role | Description |
|---|---|---|---|
| Years: 1989 to 1994 | Agency: Canada High-Tech Incentive | Role: Coordinator between company and government plan administrator | Description: Secure the incentives for the company |
| Years: 1995 to 1996 | Agency: China Value Added Tax | Role: Company Coordinator | Description: Resolve problem on tax |
| Years: 1996 to 1997 | Agency: China Foreign Exchange | Role: Company Coordinator | Description: Resolve problem on violation |
| Years: 2008 to 2010 | Agency: China SAIC | Role: Company Coordinator | Description: Process business licenses |
International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 2012 to Present | Country / Region: Philippines | Summary: Expert is the engineer behind profitability of several public safety and election system project for this company he serves as a consultant |
| Years: 1995 to 2010 | Country / Region: China | Summary: • Successfully startup and completed Joy Global Mining Machinery’s USD 100 mln investments in China (Baotou and Tianjin)- including negotiation of investment terms and property leases, and setting up of WFOEs; • Implemented strategic business plan for Joy Mining to achieve target revenue of USD 500 mil in 2010 to qualify for Holding Company status for tax incentives in China; • Lead Due Diligent process on numerous targets (with aggregated Targets Revenue in excess of USD250 mil), negotiated and completed a Merger & Acquisition deal in China for Joy Global Mining Machinery (including real estate) - appointed as General Manager of the Target-doubling profit after integration; • Champion in driving programs such as staff localization, reductions in month-end close days, and SOX initialization for Joy Mining Machinery; • Negotiated and set up Simplot’s agriculture and food processing JV operations in Beijing and Chengde with total investment in excess of USD10 mln; • Represented Simplot China to work with MacDonald, its major customer to develop and implemented price equalization program in excess of USD 1 mln; • Efficient tax planning resulting in tax savings of USD 1 mln for Simplot China; • Ability to develop high level official contact- e.g. meeting of Joy Mining management with former Chairman of People’s Bank of China, Expert Dai Xiang Rong; • Successfully negotiated with a large Hong Kong listed supply chain management firm for Seagram’s distributorship of its liquor in China (USD 50 mln in value); • Uncovered irregularities of over RMB 3 mln by middle management over multiple occasions through internal auditing; subsequently setting up stringent procedures and implementation of internal policies to ensure compliance; • Organized a successful exhibition for Joy Mining in the China Coal Show –highly commended by the organizer for its ability to draw the largest crowd; • Successfully lead the selections and implementations of numerous IT/ERP systems including SAP, Scala, and JD Edwards in China |
| Years: 1984 to 1989 | Country / Region: Singapore | Summary: Expert served the Singapore government in committees such as the "tradeNet" in its piloting stage |
Career Accomplishments
| Associations / Societies |
|---|
| Institute of Management Accountants, USA |
| Awards / Recognition |
|---|
| Business Men of the Year for 2 consecutive years, Baotou China |
Additional Experience
| Vendor Selection |
|---|
| • Successfully startedup and completed Joy Global Mining Machinery’s USD $100 million investments in China (Baotou and Tianjin)- including negotiation of investment terms and property leases, and setting up of WFOEs |
| Marketing Experience |
|---|
| • Implemented strategic business plan for Joy Mining to achieve target revenue of USD $500 million in 2010 to qualify for Holding Company status for tax incentives in China; • Lead Due Diligent process on numerous targets (with aggregated Targets Revenue in excess of USD $250 million), negotiated and completed a Merger & Acquisition deal in China for Joy Global Mining Machinery (including real estate) - appointed as General Manager of the Target-doubling profit after integration; |
| Other Relevant Experience |
|---|
| • Champion in driving programs such as staff localization, reductions in month-end close days, and SOX initialization for Joy Mining Machinery; • Negotiated and set up Simplot’s agriculture and food processing JV operations in Beijing and Chengde with total investment in excess of USD10 mln; • Represented Simplot China to work with MacDonald, its major customer to develop and implemented price equalization program in excess of USD 1 mln; • Efficient tax planning resulting in tax savings of USD 1 mln for Simplot China; • Ability to develop high level official contact- e.g. meeting of Joy Mining management with former Chairman of People’s Bank of China, Expert Dai Xiang Rong; • Successfully negotiated with a large Hong Kong listed supply chain management firm for Seagram’s distributorship of its liquor in China (USD $50 million in value); • Uncovered irregularities of over RMB $3 million by middle management over multiple occasions through internal auditing; subsequently setting up stringent procedures and implementation of internal policies to ensure compliance; • Organized a successful exhibition for Joy Mining in the China Coal Show –highly commended by the organizer for its ability to draw the largest crowd; • Successfully lead the selections and implementations of numerous IT/ERP systems including SAP, Scala, and JD Edwards in China |
Language Skills
| Language | Proficiency |
|---|---|
| Chinese Mandarin and Cantonese | Excellent in speaking, reading, and writing |
| Thai | Fluent |