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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. |