Valuation is our business. Our team has been providing independent valuation services to clients in Asia since 2002. AVA was set up to continue the push for higher quality in our deliverables to support our clients’ business activities. Our services are designed to help you and your company make the best business decisions possible.
We help you and your company make the BEST business decisions possible....
Our reports have WITHSTOOD scrutiny of various regulatory authorities and are recognized by leading financial institutions....
AVA Associates Limited (“AVA”) was formed in 2008 to address a specific need in the independent valuation industry. The need for clear and insightful advice to assist stakeholders in making an informed decision on capital market transactions and financial reporting.
AVA brings together the vast experience accumulated by its team in Hong Kong, Singapore, China and Malaysia, drawn from various disciplines, to provide the best possible project team to handle an engagement. This ensures our clients receive the appropriate expertise to assist them in their decision-making process.
Our team members have worked on numerous valuation engagements for various purposes, including those for public disclosure in Hong Kong and Singapore.
We do not claim to provide a wide array of related services. Just focused assistance for transaction support.
When our clients are deliberating a potential acquisition or divestment, we are tasked to provide objective and accurate assessment of the value of the subject assets. Such assets can comprise of the following:
The recent adoption of new and revised financial reporting standards has generated a demand for reliable and fair valuation to assist our clients’ auditors in the preparation of financial statements. Our team is well-versed with the guidelines for such financial reporting and is well-poised to handle valuation engagements to comply with the following International Financial Reporting Standards (“IFRS”) and International Accounting Standards (“IAS”):
It is increasingly common for our clients to obtain valuation-related advisory services to enable them to make informed decisions prior to undertaking a corporate exercise or transaction. Our services in this area include:
Our team members have worked on valuation engagements for various purposes, including those for public disclosure in Hong Kong and Singapore.
Our extensive experience in valuing both tangible and intangible assets covers the following industries including, but not limited to:
Thomas Chua Boon Shyan heads the Valuation Services practice for Greater China and South East Asia and has wide experience in this business within the strict regime of China, Hong Kong, Singapore and Malaysia. He boasts of expertise in the valuation of various classes of tangible and intangible assets, including but not limited to, trademarks, customer relationships/contracts, technology, proprietary know-how, franchise agreements, mining reserves, backlog and non-compete agreements. He is also one of the leading authorities in South East Asia in valuing various classes of equity, options and debt for tax, financial reporting, restructuring, mergers & acquisitions and financing purposes for companies across varied industries. Thomas was previously a Senior Director at one of the world’s leading risk consulting firm and an operating unit of a US Fortune 500 company. Prior to that, he was an Associate Director of a Hong Kong-based business advisory and consulting firm that is now part of the world’s leading real estate money management and service firm where he spearheaded the Singapore operations. During his 6-year stint there, he led the firms’ valuation engagements and was the key to the development of this business in South East Asia which involves, inter alia, M&A, financial reporting, tax compliance, insurance placements, restructuring and issuance of fairness opinions.
Fiona Tay Lee Sie, previously a manager in Ernst & Young Solutions LLP, has been in the valuation field for the past 10 years. She has team lead, managed and supported numerous projects providing a whole spectrum of transaction advisory services to clients in a wide range of industries. Her specialization includes business valuation for mergers & acquisition, divestments, restructuring and tax planning; litigation support relating to valuation issues when assessing damages and/or loss of profits; detailed business & financial analysis of Target company, including comparable companies and transaction analyses; purchase price allocation against the acquired company’s assets and liabilities both at the pre & post-deal stages for financial reporting standards, i.e., IFRS 3 and employee stock options valuations for IFRS 2. During her stint in Ernst & Young, Fiona has served clients in varied industries, including but not limited to the following, i.e., utilities, consulting, e-commerce, manufacturing, pharmaceutical, and publishing and media.
Tony Leung has been an in-house business consultant to a number of technology and communications-related enterprises in Asia. He led and advised on projects as varied as online gaming, internet and data centers, and telecommunication network rollouts to traditional ones such as property development. Tony also headed the plant and machinery valuation services division of a Hong Kong-based business advisory and consulting firm that is now part of the world’s leading real estate money management and service firm. He helped revive the division and went on to oversee valuation projects related to the initial public offerings of Air China, China Netcom, Bank of Communications, ICBC and China Mingsheng Bank. He graduated from universities in the USA with master’s and bachelor’s degrees in aerospace engineering and computer science.
806 Empress Plaza,
17-19 Chatham Road South,
Tsim Sha Tsui, Hong Kong.
Tel: +852 6277 2904
138 Cecil Street
#08-03 Cecil Court
Tel: +65 9222 1088
Lot 10 Lazenda Warehouse,
Jalan Patau-patau, 87007
W.P. Labuan, Malaysia.
Tel: +6019 882 0068