Malaysian firm Cheng & Co joins TGS Global network
Cheng & Co has joined the TGS Global network. The firm has thirteen partners and is now well on the way to achieving its goal of becoming Malaysia’s largest home-grown firm. Following the merger & acquisition of more than twenty (20) local businesses since 1997, Cheng & Co now has two offices in Kuala Lumpur, eleven in other towns across the country and five overseas offices. More than 300 people are employed.
Cheng & Co provides a one-stop solution to SMEs with services that include audit, accountancy, tax and consultancy; with the introduction of a Goods & Services Tax (GST) in 2015, the firm has set up a specialist service team to help companies transition to the new tax regime.
The firm has additional capability in corporate recovery & insolvency and international advisory services. A joint venture with Taiwan’s number one ERP service group aims to bring this expertise to the Malaysian market.
Commenting on this initiative, COO Tom Wong says: “Cheng & Co has an increasingly important international component to its business, not only through its regional offices outside Malaysia but also because the establishment of the ASEAN Economic Community (AEC) in 2015 is a major milestone in regional economic integration, offering opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. We recognised the need to become part of a larger group of progressive independent firms around the world and membership of TGS Global meets that objective.”
CEO of TGS Global, Richard Keyes, adds: “Cheng & Co is an important regional firm and their membership greatly strengthens our presence in the Asia-Pacific region. I believe that their membership will benefit not only our regional members, but any of our worldwide firms requiring high quality services in Malaysia”.
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