Business Valuation

Initial Public Offering (IPO)

Congratulations to HK Acquisition Corporation (07841.HK) on its Successful Listing on the Mainboard of HKSE on 15 August 2022. AVISTA Group is honored to be engaged in providing valuation services in relation to the fair value assessment of listed warrants and promoter warrants.
 
HK Acquisition Corporation is a special purpose acquisition company (SPAC) that intends to focus on companies in financial services and technology sectors that have competitive edges on sustainability and corporate governance and with operations or prospective operations in the Greater China area as its de-SPAC target.
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CFA, FCPA, FCPA (Aust.), MRICS, RICS Registered Valuer
Vincent is the Founder and Managing Partner of AVISTA Group, who leads the firm’s Valuation Advisory, Risk Management Advisory, ESG Advisory and Corporate Advisory services in Hong Kong and the PRC.
Vincent has over 20 years of experiences in valuation advisory, M&amp;A advisory, business consulting and corporate investment, advising clients in a range of industries, including TMT, financial services, pharmaceutical, energy and etc. Hence, leading the firm to make breakthroughs in these areas.
Before founding AVISTA, Vincent served as an Associate Director of PwC and was in charge of the valuation division in Beijing. He has advised numerous large M&amp;A deals in both China and overseas for multinational corporations and Chinese state-owned enterprises. He also has extensive experiences in providing valuation services for US and HK IPO listing.
Vincent is the Vice Chairman of Business Valuation Committee and the Executive Council Member of The Hong Kong Independent Non-Executive Director Association (HKiNEDA), Reviewer of HKICPA Best Corporate Governance and ESG Awards, Head Juror of Institute of ESG and Benchmark (iESGB) Achievement Awards, and the member of Financial Reporting Valuation Advisory Panel of HKICPA.

VINCENT PANG

Managing Partner

ACA, CFA, FCPA, LL.M, MRICS, RICS Registered Valuer
Ivan is mainly responsible for business valuation, intangible asset valuation and financial instruments valuation for financial reporting purpose and consulting &amp; advisory purpose.
Ivan has over 10 years’ experience in valuation sector. Prior to joining AVISTA, Ivan has worked with KPMG in Risk Advisory Service and Assurance Departments. Ivan has led several local and overseas valuation and advisory projects across different industries for transaction, IPO and financial reporting purposes.

IVAN LUI

Partner

 Congratulations to HK Acquisition Corporation (07841.HK) on its Successful Listing 

Congratulations to Zhibao Technology Inc. (ZBAO.US) on its successful listing on NASDAQ on 2 April 2024.
 
Zhibao Technology Inc. (“Zhibao”) is the pioneer and market leader in the 2B2C embedded digital insurance solutions market in China. Zhibao has developed 40+ innovative and customized insurance solutions covering a wide range of industries. Zhibao's proprietary, PaaS-based digital insurance brokerage platform is the first in the 2B2C digital insurance brokerage sector in China, which empowers our business to expand and scale up rapidly.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to equity value, restricted stock and employee share option.
 
Congratulations again to Zhibao Technology Inc. (ZBAO.US) on its successful listing. The issue price is USD 4 per share, and the amount of funds raised is USD 6 million.
 
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Congratulations to Zhibao Technology Inc. (ZBAO.US) on its Successful Listing

AVISTA Group was delighted to be invited by Hong Kong Securities and Investment Institute (HKSI) to serve as the project sponsor of Institute Case Competition 2024. Our Managing Partner, Mr. Vincent Pang, and Principal of Risk Management Advisory Services, Ms. Sabrina Lam, were honored to coach the participants of the case competition.
 
This year, the theme of the case competition is a sustainability research project. The topic of the initial round of the competition, "Advancing the net-zero journey: Carbon asset and carbon trading opportunities," was set by AVISTA Group. Mr. Pang and Ms. Lam have chosen one group of the best performers among five to advance to the semi-final round. All groups demonstrated strong analytical skills and delivered outstanding performances in the initial round. During the award presentation ceremony yesterday, Mr. Pang presented the award to Group Future Picasso, the semi-finalist selected by AVISTA Group. We extend our thanks to all the groups for their efforts and offer congratulations to all the semi-finalists and finalists.
 
As a leading professional advisory firm, AVISTA is privileged to have the opportunity to share our expertise and contribute to 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 2024

AVISTA was honored to be invited by The Chamber of Hong Kong Listed Companies (CHKLC), Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA) and The Hong Kong Institute of Directors (HKIoD) to attend and sponsor the Hong Kong Capital Markets Forum 2024.
 
The forum, titled "Driving Growth with Market Integrity and Sound Governance," has invited the Mr. Paul Chan Mo-po GBS, MH, JP, the Financial Secretary of the HKSAR Government, to deliver the opening speech. The forum aims to explore the current status and future trends of the Hong Kong capital markets. It addresses various solutions to challenges such as currency fluctuations and geopolitical issues. This will enable Hong Kong to respond to challenges and seize opportunities in the ever-evolving global market.
 
AVISTA is delighted to be part of this esteemed event, together with professionals from the capital markets, government agencies, academia, and the financial industry to discuss the prospects, challenges, and opportunities for the global and Chinese economies in 2024. We will bring our expertise in advisory services to support the growth and development of Hong Kong's capital markets.
 
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