Lih Yen Chang, CFA, FCCA, FRM (Chang)
Venture Fellow at Insignia Ventures Academy- Claim this Profile
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English Native or bilingual proficiency
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Mandarin (Chinese) Native or bilingual proficiency
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Malay Professional working proficiency
Topline Score
Bio
Credentials
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Fintech Foundation Program
10x1000 Tech for InclusionJul, 2021- Nov, 2024 -
Certified FRM
Global Association of Risk Professionals -
Chartered Financial Analyst (CFA)
CFA Institute -
FCCA
Association of Chartered Certified Accountants
Experience
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Insignia Ventures Academy
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Singapore
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Education Administration Programs
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1 - 100 Employee
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Venture Fellow
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Mar 2023 - Present
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EasyParcel
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Malaysia
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Freight and Package Transportation
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1 - 100 Employee
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CFO
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Feb 2021 - Dec 2022
EasyParcel is an online courier booking platform serving SEA – one of the largest players in the region. • Responsible for all financial-related matters, including M&A, fundraising, treasury, financial planning, forecasting, budgeting, analysis, and reporting work. • In charge of investor relations including liaison with Board of Directors, potential investors, strategic partners and bankers. • Initiated, led and completed an asset acquisition with a courier player. Secured debt financing for the acquisition. • Secured venture debt financing facility. • With founders, drove planning and execution of various cost optimization initiatives leading to profitability improvement. • Expanded Finance function to cover strategic, corporate finance, FP&A, taxation and governance matters across SEA. • Implemented various initiatives to improve efficiency of Finance function. • Introduced new cash management process which improved interest income. • Initiated insurance plan for part-timers (first courier company to offer this in Malaysia). • Led corporate exercises, including equity fundraising; and due diligence and negotiation processes for various acquisitions in SEA to develop market leadership and move up the value chain. Show less
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Investor (Exited)
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Jul 2012 - Dec 2022
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Senior Manager, Business Development
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Nov 2018 - Jan 2021
Albukhary Group is one of Malaysia’s largest diversified conglomerates, covering energy and utilities, ports, automotive, logistics, national postal service, hotels, rice concession, sugar production to oil palm. Managed an RM1.2 billion acquisition of an integrated pulp and paper mill company comprised of 288,000 hectares of forest management area in Sabah. • Led a diverse, international team of professional foresters, plymill expert and lawyer for due diligence and tender submission; and won the tender. • Led the drafting and negotiation process for the SPA, resulted in the signing of SPA. • Acted as the de facto head of strategy, oversaw the SPA completion and set up a local team in Sabah, comprising a head of finance and a head of government liaison. • Formulated business model with CEO to transform the current traditional pulp and paper mill into the first integrated bio-hub and bio-port in Southeast Asia. • Led a team of Sabah in-house team, a top global engineering firm and a Big 4 firm to develop a business plan and a bankable financial model. • Led the process of securing strategic partners to co-develop the site, including site visits to meet potential partners in China, Finland, Denmark and Netherlands. • As instructed by the Owner, led the legal actions against the Seller and Sabah State Government to defend the company’s right and ensure completion of the SPA. Other work include evaluating opportunities and creating business models for entry into dairy and cash crop industry as well as independent assessment of other business units within the Group. Show less
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Tradewinds Plantation Berhad (Albukhary Group)
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Kuala Lumpur, Malaysia
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Senior Manager, Business Development
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Jan 2018 - Oct 2018
Transferred to a newly formed SPV within the same group, namely Pelangi Prestasi Sdn Bhd. Transferred to a newly formed SPV within the same group, namely Pelangi Prestasi Sdn Bhd.
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Ekuiti Nasional Berhad (Ekuinas)
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Malaysia
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Investment Management
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100 - 200 Employee
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Associate, Investment
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Jun 2016 - Dec 2017
• Managed the divestment process of a leading restaurant group based in Malaysia with over 90 outlets and presence in over 10 countries • Formulated the turnaround strategy for a portfolio company and monitored the execution of the turnaround strategy. • Analysed investment opportunities, produced financial models and generated insights from industry/business research • Managed the divestment process of a leading restaurant group based in Malaysia with over 90 outlets and presence in over 10 countries • Formulated the turnaround strategy for a portfolio company and monitored the execution of the turnaround strategy. • Analysed investment opportunities, produced financial models and generated insights from industry/business research
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Assistant Manager, Corporate Finance - Equity Markets
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Jan 2013 - May 2016
• Provided investment banking services to clients across various industries, including real estate, plantation, port operation, REIT, O&G, courier service, and timber. • Executed over 15 corporate exercises, from fundraising, M&A to share issuance scheme for listed companies, including the RM2.6 billion IPO of Eco World International Berhad (Malaysia’s 2nd largest IPO in 2017). • Completed valuations, financial models, due diligence, research, pitch books and presentations to clients. • Provided investment banking services to clients across various industries, including real estate, plantation, port operation, REIT, O&G, courier service, and timber. • Executed over 15 corporate exercises, from fundraising, M&A to share issuance scheme for listed companies, including the RM2.6 billion IPO of Eco World International Berhad (Malaysia’s 2nd largest IPO in 2017). • Completed valuations, financial models, due diligence, research, pitch books and presentations to clients.
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Senior Associate
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Sep 2010 - Dec 2012
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Education
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The CFA Institute
Chartered Financial Analyst (CFA) -
Global Association of Risk Professionals (GARP)
Certified FRM -
Association of Chartered Certified Accountants (ACCA)
Member of ACCA -
Oxford Brookes University
BSc (Hons), Accounting -
SMK Hwa Lian
SPM (O Levels), Straight 15 A1s