INTERVIEW YOU CAN DO BUSINESS IN SINGAPORE!

Siong YOONG Founder and CEO LinkedIn

TGS in Singapore

Vallaris

The TGS Latam Desk China in Shanghai reinforces our global vision and commitment to Can you introduce yourself?

Hi there. My name is Siong Yoong. I’m a business acquisition entrepreneur by vocation, and venture capitalist by aspiration. I’m from the small tropical island of Singapore, and I love what I do. When not running my company VALLARIS, I serve our professional services industry as follows: a. Standards and Technical Working Group, Institute of Valuers and Appraisers of Singapore (IVAS); b. Financial Reporting Surveillance Programme, Accounting and Corporate Regulatory Authority (ACRA); c. Investigation and Disciplinary Panel, Institute of Singapore Chartered Accountants (ISCA); d. Speaker and Trainer, Intellectual Property Office of Singapore; and e. Speaker and Facilitator, Singapore Academy of Law.

What’s your role at TGS?

VALLARIS is one of two Singaporean member firms in the TGS network. TGS C&T Partners by

PAC provides Audit, Accounting, Corporate Secretarial and Tax Services, while. VALLARIS provides Deal and Dispute Advisory services. You can say that when combined, we are a full services accounting firm!

Could you give us a brief overview of your company? Additionally, could you explain your role within TGS and how you support other members?

Sure, I’d love to introduce VALLARIS. VALLARIS™ helps people buy and sell companies to make millions without RISK. People work with us to: a. discover new paths to extraordinary wealth through mergers & acquisitions, and b. get ahead of inflation, taxes and cost of capital.

The dish in the picture is Ayam Buah Keluak but be careful, the buah keluak nut contains cyanide!

What are the key values that your company shares with TGS? They are central to our culture, and we only accept candidates that agree to live these values.

• We only hire smart and kind people: Our people are our greatest resource. We want A players who are smart and kind. We’ve found that A players like working with each other. When found in sufficient numbers, they ensure only other A players get on our team.

• Rationale > permission: VALLARIANS add value to every interaction. We advance by persuading through rationale, as opposed to asking for permission.

• 100% say / do ratio: VALLARIANS do what we say and say what we do.

• Personal growth drives success: We define individual success not by what we know…. but how fast we learn, un-learn and re-learn to guide our clients.

• NFA aka no fooling around: We don’t waste your time, because time is money!

What makes your company stand out in your sector or market?

We deliver results in high-stakes (at least $10 million) deals and disputes. When you work with us, you’ll never have to worry about overpaying or getting in or out of a bad M&A deal. We structure win-win deals, we value businesses, we perform financial due diligence on them. We are the business acquisition experts.

And our clients are happy: “Siong Yoong and the team have been invaluable partners. I am happy to announce that we had a smooth and successful listing that raised HKD 46.5 million!? Dr. Alan Tan Cher Sen, Director | Republic Healthcare Holdings Pte. Ltd.

What advice would you give other TGS members looking to expand in Singapore?

Singapore has a robust financial sector and business-friendly environment. Here are some key pieces of advice for an accounting firm looking to expand into Singapore: a. Understand the Market Demand b. Leverage Technology c. Focus on Talent Development d. Build Strong Networks e. Compliance and Regulatory Knowledge f. Client-Centric Approach g. Explore International Opportunities h. Sustainability and CSR. This is becoming increasingly important for clients and can differentiate your firm in the market.

By focusing on these areas, accounting firms can position themselves for successful expansion in Singapore. If you have any specific questions or need further details, feel free to ask!