“We agree with the Judge that Mun’s evidence should be preferred. Mun’s evidence was more credible and objective, and the conclusions he reached were well-reasoned and supported by the evidence.”

The appellant accepted on appeal Mun’s valuation as regards items (b) and (d), ie, “Adjusted PPE” and “Stock”.

[2022] SGCA 47, para 64, 66.

Mr. Mun Siong Yoong, Founder and CEO of Vallaris Deal Advisory Pte Ltd, was conferred the Chartered Valuer and Appraisers (CVA) designation in 2017 for his extensive industry experience in the field of Business Valuation (BV).

He is a current member of the Standards and Technical Working Group of the Institute of Valuers and Appraisers, Singapore (IVAS), an institute under the Singapore Accountancy Commission (SAC). The SAC is a statutory body under the Ministry of Finance.

The STWG provides oversight for the development and publication of practice guides on valuation matters. It also provides technical assistance to regulators such as the Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation Company (SGX RegCo) on complex valuation issues.

We are one of the largest hearing aid manufacturers in the world. Starkey is based in the United States and had acquired targets in Singapore and Indonesia. We wanted an adviser to guide us through the complexities of this cross-border acquisition. Siong Yoong came recommended by our American accountants.

Siong Yoong hosted the vendors and I at his Singapore office for the kick-off meeting. All of us had a great working experience with him and his team. They anticipated key transaction issues, walked us through their approach and proposed solutions, and obtained everyone’s buy-in before proceeding.

We had an outstanding engagement experience despite the cultural diversity thanks to active project management by Siong Yoong’s team. I feel valued as a client and I look forward with working with him again!

“The court turns its attention next to the evidence of the Defendants’ expert Mun. He is a chartered accountant as well as a chartered valuer and appraiser who has appeared in Singapore courts as well as at the Singapore International Arbitration Centre as an expert witness.”

“There was nothing new adduced from Mun during his cross-examination that altered what was stated in Mun’s report.”

“…the court is of the view that’s (sic) Mun testimony and expert reports are to be preferred. Mun offered a more objective and balanced analysis of the accounts of the Partnership as at 19 December 2014.”.

[2020] SGHC 159, para 122, 144 and 194.