Once you have made a successful acquisition, the next hurdle is optimising it for business in China. The portfolio company you invested in may be completely healthy, but do you have the expertise, China knowledge, and manpower to grow it further? Conversely, the company may need a clean-up from previous management and you lack the resources to start. We offer a fully integrated approach that will enable a smooth start with your newly acquired portfolio company‚Äôs China business.
Corporate Governance Support
We will review your portfolio company‚Äôs current corporate set-up and let you know if there are any major red flags that need to be addressed. If you are planning on expanding and setting up a new entity in China or Hong Kong, we can help you with all the paperwork and making sure you meet all required criteria. We will confirm that all necessary control mechanisms are in place, such as company chops, signature authorities, and other checks and balances, so you comply with the Chinese law. Moreover, we will evaluate your portfolio company‚Äôs business scope and compare this to its actual activities. Checking what the current and paid up capital is against what the future needs will be is also essential in ensuring your portfolio company has a solid structure and good corporate governance. As part of our check-up, we are also able to assess if your portfolio company is eligible for the high tech status (ATEC).
Finance and Accounting Support
While most big companies will want to place their own CFO to monitor the accounts, this is not always an option for an SME. Why not let Fiducia be your trusted 3rd party advisor in handling all accounting and controlling related tasks? Not only will we review the accounting system and make recommendations based on the results, but we can also fully take over the bookkeeping so that your portfolio company can focus on what they do best ‚Äď their business. Since we provide these services as an online ERP platform, the investor overseas can monitor the financial status of the portfolio company at any time.
When taking over a company, staff retention and trust will be a big issue. Some may be worried about layoffs or new management practices, while others could feel threatened by the sudden, unwanted change. At this stage, it is important to review job functions and responsibilities to make sure that all staff are placed according to their strengths. In addition to this, we will assess the incentive and bonus schemes, as well as the salary and benefit alignment for key positions. Following this, we will make suggestions for retention mechanisms so that there is no staff flight and business can continue as normal. This step is essential because the experience of your staff is invaluable while you are still new to the game. Our cross-cultural understanding will bridge the gap between you and your new staff, facilitating synergy and interaction. Conversely, we can also find new talent for you through our Executive Search department to carry out your China strategy.
Setting the operational foundation is the key to success, but having a sound growth strategy will take your portfolio company to the next level. With over 30 years of experience in the Chinese market, we will establish a customized strategy for your business, based on the overall industry outlook and growth drivers. We will provide a snapshot of local and international competition so you know who you are up against. Armed with knowledge of industry trends and the market landscape, you will be able to make educated decisions for your portfolio company. In addition to providing reports, we do hands-on work in the field, interviewing the necessary parties to gather knowledge. Our expertise is to do on site market research and talk to different people to collect information that will help you identify what the right direction is for you. With the amount of industries and projects we have serviced, it is easy for us to think outside the box and offer a different point of view.
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