Business Valuation

AVISTA Group was pleased to be invited to participate in the Cyberport Professional Network (CPN) Summit at Hong Kong Cyberport on 30 March 2026. It was held under the theme "Empower Cyberport community companies preparing for Hong Kong and global expansion." Our Managing Partner, Mr. Vincent Pang, Associate Director, Mr. Leo Lee, and Manager, Mr. Jeffrey Lo, attended the event, joining a vibrant community of mature, high-potential tech companies.
CPN brings together leading consultancy firms to provide start-ups with expert business guidance and one-on-one service clinics, covering areas such as financing, legal services, compliance, and market development. The network supports start-ups in refining strategies, expanding networks, and accelerating growth. At the summit, AVISTA Group hosted an exhibition booth and offered 1:1 professional consulting services, providing customized and practical advice to address the real challenges faced by emerging tech companies in business planning, valuation, ESG advisory and strategic development to the participants.  
Leveraging our industry expertise, our team delivered in-depth analysis and tailored, practical advice on business planning and valuation approaches for these emerging companies. Our participation reflects our commitment to impactful exchange, increased visibility, and partnership building within the tech ecosystem. We look forward to supporting innovative companies on their growth journeys and fostering meaningful collaborations in the industry.
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As the partner in Cyberport Professional Network (CPN) Summit

AVISTA Group is honored to have been invited by the Hong Kong Securities and Investment Institute (HKSI) to serve as the project sponsor for the Institute Case Competition 2026. Our Associate Director of Valuation Advisory Services, Mr. Leo Lee, took on the role of coach, providing guidance and mentorship to the talented participants throughout the competition.
This year’s competition featured a Fintech-themed research project with two rounds of assessments. The first round focused on the topic “Buy Now Pay Later (BNPL) 2.0: Growth Revival or the Next Valuation Bubble?” Mr. Lee selected the outstanding team ‘Wild Card’ from five groups to advance to the semi-final round. In the semi-final, the selected team tackled the topic “Artificial Intelligence Solutions for Investing Public or Banking Customers to Detect Potential Financial Crime.” We are delighted to share that team ‘Wild Card’ went on to become the champion of the competition, demonstrating exceptional analytical skills, innovative thinking, and outstanding performance at every stage.
We extend our sincere appreciation to all the teams for their hard work and dedication, and congratulate all the winners on their remarkable achievements. As a leading professional advisory firm, AVISTA Group is privileged to share our expertise and support the development of future business leaders through initiatives like the HKSI Institute Case Competition.
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As a project sponsor of the Hong Kong Securities and Investment Institute (HKSI) Institute Case Competition 2026

Congratulations to Axera Semiconductor Co., Ltd.（0600.HK） on its successful Listing on the Mainboard of HKSE on 10 Feb 2026.
Axera Semiconductor Co., Ltd. （the “Axera”）is a supplier of AI inference system chips, focusing on building high-performance perception and computing platforms for AI applications in edge computing and terminal devices. Axera is committed to constructing advanced AI computing infrastructure, promoting the widespread adoption of artificial intelligence, making AI more accessible, and creating a better life.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on PS, ESOP, Forward contracts, PPA and Goodwill Impairment Test.
Congratulations again Axera Semiconductor Co., Ltd.（0600.HK） on its successful listing. The issue price of the shares is HKD 28.2 per share, and the amount of funds raised is HKD 2.959 billion.
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Congratulations to Axera Semiconductor Co., Ltd.（0600.HK） on its Successful Listing

Congratulations to Distinct Healthcare Holdings Limited（2677.HK） on its successful Listing on the Mainboard of HKSE on 6 Feb 2026.
Distinct Healthcare Holdings Limited is a provider of mid-to-high-end private healthcare services in China. Through its network of private healthcare institutions and its online medical services platform, the Group delivers integrated online-to-offline healthcare services covering a broad range of specialties.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services related to preferred shares, employee share options, goodwill impairment testing, and purchase price allocation for financial reporting purposes.
Congratulations again Distinct Healthcare Holdings Limited（2677.HK） on its successful listing. The issue price of the shares is HKD 59.9 per share, and the amount of funds raised is HKD 285 million.
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Congratulations to Distinct Healthcare Holdings Limited（2677.HK） on its Successful Listing

Congratulations to Shanghai Biren Technology Co., Ltd.（6082.HK） on its successful Listing on the Mainboard of HKSE on 2 Jan 2026.
Shanghai Biren Technology Co., Ltd. ( “Biren Technology” ) is an enterprise dedicated to the research and development of general-purpose computing on graphics processing units ("GPGPU") chips and the development of GPGPU-based intelligent computing solutions.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on financial instruments, long-lived asset impairment test, long-term equity investment impairment test, financial assets and investment properties.
Congratulations again Shanghai Biren Technology Co., Ltd.（6082.HK） on its successful listing. The issue price of the shares is HKD 19.6 per share, and the amount of funds raised is HKD 5.83 billion.
 
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Congratulations to Shanghai Biren Technology Co., Ltd.（6082.HK） on its Successful Listing

As the festive season arrives once again, AVISTA Group would like to extend our heartfelt wishes to you and your loved ones. May this Christmas bring you moments of peace, joy, and cherished togetherness.
Merry Christmas!🎅🎁🌟
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🎄✨ Season's Greetings from AVISTA Group! _2025✨🎄

AVISTA Group is pleased to once again participate in the Heep Yunn School Work Experience Placement Programme this year. Through this initiative, we are providing two talented Form 4 students, Liza and Charlotte, with a 4-day work placement in our valuation advisory team. This opportunity allows them to gain first-hand workplace experience and practical insights into the business valuation advisory industry.
At AVISTA, we remain committed to nurturing the next generation of leaders by offering meaningful learning experiences. We are pleased to welcome these bright students to our team, share our expertise, and support them as they explore their future career paths.
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