Our Professionals

Summary | Experience | Qualification | Activities | Other Data | Other Consultants   Jackson Yeung MPA FAIA FHKSA MHKSI MCMI FHKIoD FRFP (Founder and CEO of CFO Solutions Ltd., Hong Kong SAR, PR China) Direct Telephone: (852) 6102 0244 eMail: jy@cfohk.com Summary A seasoned chief executive and chief financial officer with over 23 years experience in multinational companies specializing in downstream petroleum oil & gas industry, included the Asia's largest oil company. In possession of solid experience in merger & acquisition, corporate finance, international financial planning, trade finance, structured finance; and innovative in exploring alternative financing methods and sources to meet major capital requirements at favorable rates and terms. Demonstrated capabilities in business development, international trade & operation, risk management, corporate reorganization & business acquisition. He has serviced in the past as: the President, Head Executive, Group CFO, Vice President-Finance & Administration, Group Corporate Secretary, Directors of various companies in Jovo Arco Energy Co. Ltd. (a Joint Venture Project with BP Oil in China in LPG terminal operation & wholesale distribution), Perta Oil Marketing Limited & Group (a fully owned marketing arm of PERTAMINA, Indonesian National Oil Co.); Mittaheap-Perta Petroleum Ltd. Cambodia (terminal & distribution operation for petroleum products), Perta Navigation Corporation (oil tankers chartering & operation), Zambesi Investments Ltd.(venture capital investments), and were in key financial management positions in IMS Pacific Limited (Market research, publishing & life science laboratory; previously listed in Chicago Board and later merged with Dun & Bradstreet); Vianini S.p.A. - High Island Water Scheme Reservoir (Civil Engineer & Main Constructor).   Experience & Major Accomplishments International Trade and Finance Developed effective financial strategies in support of yearly business turnover of US$1.7 billion. Pioneer in designing & promoting the use of standby letter of credit in the early 80s for oil trading in Asia-Pacific Region (The format & practice are now commonly used in Asia and was illustrated in ICC’s UCP 500 version). Structured and negotiated with 12 first class international banks and successfully concluded total revolving bank credit facilities of US$350 million for financing oil trading at very competitive financing costs. Structured & completed the first Asia's syndication trade finance for a shipment of value US$48 million of VLCC oil shipment from Ras Tanura to Indonesia during the First Arabian Gulf War time. During the Asian Financial Crises in 1997-1999, negotiated and arranged sizeable bank lines for extended credit term of 120 days for financing importation to Indonesia. Negotiated credit insurance for trade finance. Business Operations and Developments Designed & set up the entire operation & finance systems for various companies included international oil trading operation. Business development in P.R. China and open up new markets for trade. Design new company finance & operation policy manuals. Tax planning and appeal for tax saving of multi million US dollars. In charge of an arbitration/court case in London & recovered several million HK dollars from a shipping claim (the case is now recorded & used as a case study in law school text books). Many times accompanied the Ministers of Mining & Energy of Indonesia for official visits to P.R. China and Taiwan. Negotiated and concluded sales of a six months term contract for supplies of 1.5 million barrels of oil to PR China (the 1st oil deal officially between two State-owned companies). One year later negotiated and concluded further term sales contract of 2.4 million barrels of Indonesian oil to PR China. During 1985-1987, Attended as a member of the Joint Co-ordinate Committee Meetings for Supply of Liquidfied Natural Gas (LNG) from Bontang, Indonesia to Yung An, Taiwan. In 1984, in charge of the steering committee for computerization project, included an “on-line” trading system . Set up overseas subsidiary company in Singapore and apply for tax incentive status. In charge of investment company within the group and screening investment projects and reviewing business plans. Capital Reorganisation and Acquisition Structured & implemented capital reorganization projects for the company (included reorganization of capital structure to lower capital gearing structure). Negotiation for buying & selling companies for Merger & acquisition. Set up overseas subsidiary company in Singapore and applied for tax incentive status. Set up offshore companies in various tax heaven countries. Steering a project for joint venture investment in a HK restricted licensed bank. Negotiated and implemented a take-over investment in an oil company in Indochina. In charge of development of non-oil business and investment vehicles for the Group. Implemented cost reduction scheme for companies during the Asian Crisis period.   Professional Qualification & Academic Education Professional Qualification: FAIA - Fellow Member of The Association of International Accountants, U.K. FHKSA - Fellow Member of The Hong Kong Society of Accountants, Hong Kong. MHKSI - Member of the Hong Kong Security Institutes. MCMI - Member of The Chartered Management Institutes, U.K. FHKIoD - Fellow Member of The Hong Kong Institutes of Directors. FRFP - Fellow Member of The Hong Kong Registered Financial Planners.   Postgraduate & Master degree education: MPA - Master of Professional Accounting (Hong Kong Polytechnic University). Postgraduate Diploma of Business Administration (MBA Program of Henley Management College/Brunel University, U.K.).   Community & Social Activities 2002/2003 Advisory Committees on Accountancy, The Accounting Faculty, Hong Kong Polytechnic. University.2000/2001, 2001/2002, and 2002/2003 Chairman of The Association of International Accountants, Hong Kong Branch. 2001/2002 and 2002/2003 Audit Committee of Fu Hong Society, Hong Kong. 1994 & 1999 Vice Chairman of The Association of International Accountants, Hong Kong Branch. 1991 - 1999 Chairperson of the Continued Professional Education Sub-committee of The Association of International Accountants, Hong Kong Branch. 1989- 90 Chairman of the Management & Methods Club (The Hong Kong Management Association), previously known as the Organization & Methods Club. 1989-90 Executive Committee Member of The Office Management Committee (The Hong Kong Management Association).   Other Data Languages: Speak, read & write fluent English & Chinese (Putonghua, Shanghai-hua & Cantonese).   Public Speeches & Publications: Article: "You Can't do without O&M" - Hong Kong Management Association Newsletter June 1989. Host Chairman of the Inauguration Ceremony held at Hong Kong Club in 1990 for change of the name of "O&M Club" to "Management & Methods Club". Article: "Indonesian Oil Reserve - Number One in South Asia" - Wen Wei Po newspaper, August 17, 1991. Organizing Committee for the Seminar - "eBusiness - What is in it for accounting professions" held in February 2001 at the HK Convention & Exhibition Center, jointly organized by 4 professional accounting associations, i.e. AIA, CGA, CIMA & CMA. Article: "Management Incentives to Earnings Management - A glimpse into the industry's concern on the evidence of earnings management" - published twice in (1) Financial Post, September 2000, p17; and (2) The International Accountants (Journal of AIA), October 2000 Issue 10, pp 28-29. Organizer and Panel Chairman of the Seminar - "Business Financing-A Continuing Challenge" held on March 3, 2001 at the HK Convention & Exhibition Center, jointly organized by 7 professional accounting associations, i.e. AIA, CGA, CIMA, CMA, CPA Australia, ICAA & SCAA; and co-organized by HK Venture Capital Association. Guest Speaker of The HK Institute of Vocational Education (Morrison Hill), on March 2, 2002 Open Day Symposium: Virtual Enterprise Employability Skills and Life-wide Learning.   Other Consultants in our team Our consultants have in depth prior experiences from international banks, public listed companies, international corporations & manufacturing industries. The areas of their experiences include: Computing/auditing fields for system development of retail and international banking systems, IT and financial auditing, technology risk management & system security administration. Managing projects from feasibility study, evaluation and recommendation of software and hardware, implementation, and post implementation reviews. Development of security awareness and business recovery concept and set up technology risk management function for banking operations in Asia. Evaluation of new business opportunities in Asia & feasibility studies. Project finance for infrastructure and construction projects. Capital raising and IPO & listing advisory. Corporate finance & financial restructuring. PRC business establishment.