Business Valuation

Initial Public Offering (IPO)

With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the employee share incentive scheme offered by Tam Jai International for financial reporting purposes.
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 Congratulations to Tam Jai International Co. Limited (2217.HK) on its Successful Listing

Congratulations to Scage International Limited (SCAG.NASDAQ) on successfully completing the previously announced business combination. The American depositary shares (“ADSs”) of the combined company, Scage Future, will commence trading on the Nasdaq Stock Market under the ticker symbol “SCAG.NASDAQ” on 30 June 2025.
 
Scage International Limited is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations.
 
With regard to this DeSPAC application, AVISTA Group is honoured to be engaged in providing valuation services in relation to Total equity value, financial instruments and equity investments.
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Congratulations to Scage International Limited (SCAG) on on successfully completing the previously announced business combination. The American depositary shares (“ADSs”) of the combined company, Scage Future, will commence trading on the Nasdaq Stock Market under the ticker symbol “SCAG.NASDAQ” on 30 June 2025.

Congratulations to SAINT BELLA Inc. (2508.HK) on its successful Listing on the Mainboard of HKSE on 26 June 2025
SAINT BELLA Inc. (“SAINT BELLA”) is a family care group with a leading postpartum care and recovery operation in China, providing a wide array of premium services and products that address the ever-growing under-served family care demand from the lifestyle-minded younger generation. SAINT BELLA aims to become a leading comprehensive family care group in Asia with an evolving brand portfolio, through enhancing its presence in the existing business segments and operating markets, launching new offerings to tap into new segments such as elderly care services, as well as expanding its service network to promising markets in addition to its established presence in China, Singapore, and the United States.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the purchase price allocation of the transaction, goodwill impairment, financial instrument and financial asset.
Congratulations again SAINT BELLA Inc. (2508.HK) on its successful listing. The issue price of the shares is 6.58 HKD per share, and the amount of funds raised is 629 million HKD.
 
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Congratulations to SAINT BELLA Inc. (2508.HK) on its Successful Listing

Congratulations to X.J. Electrics (Hu Bei) Co., Ltd (2619.SEHK) on its successful Listing on the Mainboard of HKSE on 25 June 2025 
X.J. Electrics (Hu Bei) Co., Ltd (X.J. Electrics) are a manufacturer of lifestyle household goods in the PRC. X.J. Electrics mainly operate on ODM/OEM basis and have built a customer portfolio comprising globally reputable and long-standing names, such as Walmart, Telebrands, SEB, Sensio, Hamilton Beach and Philips etc. With X.J. Electrics capability to design, develop and manufacture a range of small home appliances, we have gained recognition in our small kitchen appliances. 
With regard to this listing application, AVISTA Group is honored to be engaged in providing ESG consulting services, as well as valuation services for various properties located in Guangdong Province and Hubei Province, the PRC. 
Congratulations again to X.J. Electrics (Hu Bei) Co., Ltd (2619.SEHK) on its successful listing. The issue price of the shares is HKD 2.86 per share, and the amount of funds raised is HKD 195.11 million. 
 
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