Deregistration & Liquidation
We prepare and execute market exit strategies. We support you with completing the appropriate steps for the deregistration of their China based Branch Offices, Representation Offices, Wholly Foreign Owned Enterprises, and Sino-foreign Joint Venture companies, in compliance with regulations. Corporate deregistration services are highly tailored services based on the exact needs of each client.
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Liquidation Planning
Financial Simulation & Scenario Planning
Asset Liquidation
- Preparation of the liquidation planning to be approved by shareholder and to be executed by the liquidation committee
- Support execution of the approved liquidation planning
- Periodical progress reporting on legally predefined and corporate internally defined milestones
- Preparation of multiple scenarios simulating Profit & Loss and cashflow impact for the China based entity and group level, based on actual onsite operational situation and balance sheet review
- Determining of recoverable cash and liquidity required for execution of the liquidation
- Determining of means to efficiently transfer cash into China to fund the liquidation
- Inventory of fixed assets, invisible assets, consumables, tooling and inventory held at own site(s) or supplier or distributor sites (in case of outsourced production or sales activities)
- Liquidation of assets (sales or scrap)
Human Resources
Supply Chain Restructuring
Governmental Deregistration
- Liaison with legal service provider executing the termination of employment
- Preparation of payroll, commission, and p-file information to be considered in termination of employment
- Preparation and training of the (human resources) department for the executing arrangements pre, during and post restructuring
- (In the event the local organization is liquidated but China remains a location for sourcing of materials and products, or sales to local customers)
- Re-engineering of critical business processes and business remodeling for post company liquidation
- Deregistration at the State Administration of Market Regulation
- Deregistration at various government departments (depending on actual business situation)
Closing Bank Accounts
- Closing of corporate bank accounts
Management of External Relations
- Preparation of information to be shared with external relations including key customers, suppliers and contacts
- Preparatory support for customer and supplier representation for personal meetings with external relations