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KON YIN TONG

1 Raffles Place, #04-61 One Raffles Place Tower 2, Singapore 048616

'+65 6304 2301

Yin Tong has always focused on client service excellence both as a public accountant as well as a specialist professional on business valuations, mergers and acquisitions and related corporate finance services. He leads a disciplined team of dedicated specialists by example to provide the distinctive high quality service to today’s discerning clients.


Experience

Yin Tong brings a wealth of experience and expertise to the leadership team and has had various roles in the organisation. He has been in public practice for almost 30 years during which hehas personally been hands on in many client engagements, including cross-border assignments. He started his career with Big 4 firms in London and Singapore and joined Foo Kon Tan in 1994. His areas of practice include those in litigation support and dispute resolution including acting as expert witness and as assessor to the Court. He helms the firm’s corporate finance service entity and has advised, provided professional services and been responsible for many private and public sector clients.


Industry/Sector Experience

  • Insurance

  • Manufacturing

  • Construction and Real Estate

  • Tourism and Hospitality

  • Healthcare

  • Logistics and Transportation

  • Information Technology

  • Printing and Publishing


Professional Qualifications and Memberships


Appointments, Memberships, Awards

  • Member of Institute of Valuers and Appraisers of Singapore (IVAS)

  • Fellow of the Institute of Singapore Chartered Accountants (ISCA)

  • Fellow of the Institute of Chartered Accountants in England & Wales (ICAEW)

  • Immediate past Council member, Institute of Valuers and Appraisers of Singapore (IVAS)

  • Chair, Sport Singapore

  • Audit Committee Member of the Singapore Academy of Law (SAL)

  • Member, Board of Governors, SAFRS National Service Association

  • Immediate Past President, Institute of Singapore Chartered Accountants (ISCA)

  • Former Council Member, Institute of Valuers and Appraisers Singapore

  • ISCA Gold Medal Award 2011

  • ISCA Outstanding Practitioner Award in 2016

  • Friends of MCCY Award 2017

  • The Public Service Medal 2021


Education

First Class Honours in Economics, London School of Economics

Overall 5th worldwide in the ICAEW professional examinations


Languages Spoken

English


Highlights of valuation assignments

Industry

Description of Valuation Assignment

Cord blood banking

Valuation of a cord blood bank for acquisition by a Singapore-listed lifestyle company.

Car Sharing

Valuation of a car sharing business.

Dental

Valuation of a dental clinic group business.

Electronic Instruments and Controls

Purchase Price Allocation of a Singapore incorporated electronics manufacturing services provider that was acquired by an investment holding company incorporated in the Cayman Islands for about US$9 million.

Furniture and Fixtures

Purchase Price Allocation of 51% of a Hong Kong incorporated classical furniture producer and distributor that was acquired by a Singapore listed furniture manufacturer and dealer for about RMB10 million.

Hospitality

Valuation of a social club in Singapore.

Healthcare

Purchase Price Allocation of a Singapore listed retailer and wholesale distributor of healthcare products that was acquired by a Singapore healthy lifestyle products company at a total cost of investment of about S$40 million.

Insurance

Valuation of an insurance company in Singapore.

Networks

Purchase Price Allocation of businesses acquired by a French telecommunications operator for about US$27 million.

Logistics

Determination of value in use of a subsidiary of a Singapore listed logistics service provider with revenue in excess of S$25 million.

Logistics

Independent valuation of a Singapore joint venture company, between a Belgium logistics service provider and formerly Singapore listed integrated logistics company. The joint venture company provides logistics services to the petrochemical industry and had revenue in excess of S$50 million.

Pharmaceutical

Determination of fair value of equity interest in an India pharmaceutical group.

Real estate

Determination of fair value of equity interest in a Singapore real estate group with revenue in excess of S$30 million.

Transportation

Independent valuation of a joint venture company, between a Singapore listed tranport service provider and Singapore listed engineering service provider. The joint venture company is in the business of providing systems solutions for the railway industry and was in a loss-making position.

Safety Equipment

Independent valuation of a Singapore joint venture company that distributes and markets safety equipment and with revenue of about S$10 million. This joint venture is between a group of Singaporean investors and a German manufacturer of safety equipment for industrial and consumer use.

Information Technology

Valuation of intellectual properties acquired by a Singapore listed systems integrator.


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