♦ Experienced advisor with a background in both the ‘Big 4’ and mid-tier space
♦ Valuation expertise in IERs, taxation and financial reporting
♦ B.Com (Accounting), CPA
♦ Bachelor of Commerce (Accounting), The University of Adelaide
♦ Currently pursuing a Graduate Diploma of Applied Finance with a specialisation in Business Valuation at Macquarie University
♦ Member of CPA Australia
Fung joined Leadenhall in 2016 after over five years in financial audit with Deloitte and Grant Thornton during which he qualified as a CPA. He continues to undertake further professional development, pursuing programs such as the Master of Applied Finance with Macquarie University.
While at Leadenhall, Fung has assisted with providing advice covering a broad range of valuation disciplines including valuations for financial reporting and for taxation purposes, preparation of IERs and valuation advice to assist with dispute resolution as well as the evaluation of M&A and other capital raising transactions.
Independent Expert Reports
Fung has been involved in the preparation of multiple IERs for takeover offers and schemes, acquisitions of related party assets, shareholders acquiring a greater than 20% interest, and voluntary responses to takeover offers, including:
♦ Hunter Hall – Reverse takeover by Pengana
♦ Ruralco – Related party acquisition of TP Jones
♦ IT consulting firm – Proposed acquisition by Accenture
♦ Ante Real Estate – Issuance of convertible securities to a new holder
♦ Fantastic Furniture – Takeover offer from Steinhoff Asia Pacific
♦ Periodic valuation of the Queen Elizabeth II Medical Centre car park
♦ Periodic valuation of an electricity generation asset
Fung has prepared purchase price allocations, intangible asset valuations and valuations of share-based payments for clients including Pacific Current Group, AUB Group, Xenith IP, Nanosonics, Cover-More Group, CSG Limited and IDP Education.
Fung has prepared valuations for capital gains tax, thin capitalisation and income tax for clients such as BP Australia, VGW, 20Cube Logistics and Medical Director.
M&A / Other
Fung has prepared valuations to assist senior management and boards with the evaluation of M&A and other strategic options, including:
♦ Valuation of a potential acquisition target on behalf of a listed telecommunications company
♦ Valuation of an early-stage biofuel technology company to assist with the procurement of government funding
♦ Valuation of the business units of a listed cloud services company to assist with the evaluation of strategic options
♦ Valuation of a litigation funding portfolio to assist with the restructuring of a litigation funding company