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Case Study (MNC)
Background:
The client is a European supplier of infant and child products with manufacturing operations in Shenzhen, China. It was undertaking a strategic equity restructuring of its China subsidiary but lacked the internal finance capability to manage the technical complexity involved.
Challenges:
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Offshore-managed finance function raised concerns over data integrity and compliance
- Management reporting focused primarily on revenue and profit, with limited balance sheet and cash flow visibility
- Significant unreconciled intercompany transactions affecting financial accuracy
- Inaccurate financial data hindered fair equity valuation and shareholder exit structuring
How we helped:
We worked closely with key stakeholders across finance and management to strengthen financial integrity and support the restructuring process.
Key activities undertaken included:
- Reviewing financial statements with a focus on balance sheet accuracy and reconciliation of key accounts
- Proposing adjustments to correct accounting errors and improve net asset reliability
- Redesigning management reporting, including CFO-level and balance sheet review checklists
- Coordinating intercompany reconciliations and isolating related-party transaction impacts
- Facilitating regular stakeholder alignment on financial matters and restructuring outcomes
Results:
Our support enhanced financial accuracy and transparency, clarified intercompany balances and enabled the use of adjusted net assets for equity valuation. This improved overall financial visibility and strengthened cash flow monitoring.
Case Study (SME)
Background:
The client is a Singapore-based food and beverage operator expanding into Hong Kong. It required support to navigate local regulations, establish operations and ensure financial and HR compliance.
Challenges:
- Navigating licenses, permits and pre-opening regulatory requirements
- Managing HR and payroll in compliance with Hong Kong employment laws
- Preparing budgets, financial plans and cash flow monitoring processes
- Ensuring compliance with Hong Kong tax requirements while adopting tax-efficient strategies
- Integrating accounting, payroll and corporate secretarial functions into a unified framework
How we helped:
We supported the client across setup, implementation and ongoing management. Key activities included:
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Providing CFO support and pre-opening financial guidance
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Acting as client service manager to coordinate licensing and permit approvals
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Developing budgets, financial plans and financial dashboards
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Advising on HR processes, payroll and employee benefits
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Delivering end-to-end accounting, tax and corporate secretarial services
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Implementing KPI tracking, variance analysis, cash flow forecasting and monthly reviews
Results:
Our support improved the accuracy and reliability of financial data, streamlined operations and enhanced transparency for stakeholders. HR, compliance and tax processes were strengthened while proactive monitoring enabled timely decision-making. The client adopted a one-stop managed solution, reducing operational complexity and supporting sustainable growth in Hong Kong.