At the centre of our Vision 2020 to become the leading homegrown international accounting firm is our mergers and acquisitions strategy (M&A). The success of all our M&A strategies are down to careful planning and meticulous execution that has resulted in more than 20 M&As since 1993.
Towards the end of 2018, we finally established our Penang branch and today is yet another historic moment for Cheng & Co as we officially mark our presence in Seremban, Negeri Sembilan thanks to our M&A with S. L. Tan & Co. The signing ceremony began with an opening speech from Dato Dr Nellie S. L. Tan, the Chairman of SL Tan & Co.
Cheng & Co’s Executive Chairman Professor Dato’ Dr Chua Hock Hoo delivered his speech soon after, expressing his happiness and satisfaction merging with one of the most prestigious firms in the city. S. L. Tan & Co was established in 1967 and offers a wide range of services such as auditing, taxation and company secretarial.
S. L. Tan & Co’s Chairman Dato Dr Nellie is a highly respected figure and is a Justice of Peace in Negeri Sembilan. She has been the brains and the driving force of S. L. Tan & Co for the last 52 years. Dato Dr Nellie was also the Chairman of the Malaysian Institute of Accountants, Negeri Sembilan and Malacca Branch from 1998 to 2000.
To execute an M&A effectively requires strategic thinking and willingness to venture outside of our comfort zone and into new sectors and markets. It’s equally important to identify the right firm aligned with our vision and mission. S. L. Tan & Co ticks all these boxes and together, we will be ushering in a new era of a one-stop professional centre in Seremban.
Clients and SMEs in Seremban will now enjoy high-quality and efficient services such as audit, tax, international advisory, property consultancy, IPO listing and shared services outsourcing, all under one roof. This M&A also gives Cheng & Co a new group of highly talented, experienced and dedicated individuals in our all new Seremban branch.