Vasseti (UK) plc is an investment holding company incorporated in the UK and listed on the Frankfurt Stock Exchange.The group has substantial business operations in Malaysia, in the field of communication, information technology, advertising, real estate and civil engineering. UHY member firms UHY Hacker Young in London and UHY in Kuala Lumpur work closely together on this large cross-border group audit. As the company is listed on the Frankfurt Stock Exchange, the group accounts are prepared using IFRS.
• 19% increase in China’s total stock of businesses last year…
…compared to just 2% rise in business numbers in major Western economies
As the world becomes more globalised, many investors, both corporate and private, are looking for international opportunities. Investors need to effectively navigate the rules and regulations of the country where the property is situated.
• By contrast, average across all countries studied worldwide is 24% higher than 2008
• G7 economies lag well behind BRICs
Bank lending to the private sector in Europe is now on average 25% lower last year than it was before the financial crisis, hampering European economies’ return to economic growth, reveals a new study by UHY, the international accounting and consultancy network.