TMF Group, a leading provider of compliance and administrative services, serving 8,000 clients in more than 85 jurisdictions, has announced the acquisition of two Hong Kong-based entities: Focus Secretarial Services Limited, which offers company secretarial services, and Focus Corporate Consultancy Limited, an accounting, tax, payroll and business consultancy.
Both entities are now part of TMF Group following their acquisition, which was completed on Wednesday 30 November.
Yvonne Pang and Eric Cheung, founders:
"We are thrilled to become part of TMF Group, a multinational firm that has performed extremely well in recent years. The integration of the two entities will work perfectly, considering the similarities of the businesses, and this will ensure our clients' satisfaction."
Shagun Kumar, head of APAC of TMF Group commented:
"Over the past few years, TMF Group's presence in the APAC region has increased significantly: these latest acquisitions represent TMF Group's continued interest in this region and highlight its business potential. I am delighted as these additions strengthen our value proposition of having flawless service for our clients. I'm happy to welcome the teams as OneTMF, and I look forward to exploring similar expansion opportunities in the future."