Our Managing Partner, Mr. Vincent Pang and Principal of Risk Management Advisory Services, Ms. Sabrina Lam were pleased to be invited by the Hong Kong Institute of Certified Public Accountants (HKICPA), for the fifth consecutive year, to be on the Review Panel of Best Corporate Governance (CG) and ESG Awards 2023. Additionally, AVISTA was honored to be invited by HKICPA to be sponsor of the awards.
 
This year marks the twenty-fourth anniversary of the Awards, which aim to promote best practices and acknowledge listed companies and public sector/ not-for-profit organizations (PSOs) that implement the highest standards of CG and ESG disclosures and practices in Hong Kong. By recognizing these benchmarks, the Awards encourage continuous improvements in disclosure standards and practices, as well as the integration of CG and ESG considerations.
 
This year, 34 awardees have been selected, including the most prominent companies in Hong Kong such as CLP Holdings Limited, HSBC Holdings plc, Hong Kong Exchanges and Clearing Limited, Swire Pacific Limited, MTR Corporation Limited and more.
 
As a leading provider of CG and ESG advisory services, AVISTA is delighted to observe significant advancements in CG and ESG reporting standards among corporations. We eagerly anticipate more companies setting higher benchmarks in the future. Our commitment to sustainability remains unwavering, and we will continue to provide support in this regard.
 
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As a Reviewer and a Sponsor of the Best Corporate Governance (CG) and ESG Awards 2023 Organized by Hong Kong Institute of Certified Public Accountants (HKICPA)

Our client, Luk Fook Holdings (International) Limited (“Lukfook”) (Stock Code: 00590.HK), has successfully signed their inaugural sustainability-linked loan with DBS Bank (Hong Kong) Limited (“DBS Hong Kong”), which includes revolving credit facilities with an interest rate tied to Lukfook Group’s sustainability performance against an agreed set of Key Performance Indicators (KPIs).
 
Lukfook is a distinguished jewelry retailer with a significant market presence, specializing in the sourcing, designing, wholesaling, trademark licensing, and retailing of various gold, platinum, and gem-set jewelry products.
 
AVISTA Group is proud to provide technical support services for reviewing Lukfook's environmental goals, including energy consumption intensity and greenhouse gas emissions intensity across their operations and production activities, in connection with the application of this sustainability-linked loan.
 
Congratulations once again to Lukfook on its commendable journey toward green finance and decarbonization!
 
<a href="https://www.lukfook.com/en/category/news-press-releases/post/%e5%85%ad%e7%a6%8f%e9%9b%86%e5%9c%98%e8%88%87%e6%98%9f%e5%b1%95%e9%a6%99%e6%b8%af%e7%b0%bd%e7%bd%b23-26%e5%84%84%e6%b8%af%e5%85%83%e5%8f%af%e6%8c%81%e7%ba%8c%e7%99%bc%e5%b1%95%e6%8e%9b%e9%88%8e">Read more on Lukfook website</a>
<a href="https://www.dbs.com/newsroom/DBS_Hong_Kong_and_Lukfook_Group_Signs_HKD326_million_Sustainability_linked_Loan">Read more on DBS website</a>

Congratulations to Lukfook Group on securing a HK$326 million sustainability-linked loan! 

AVISTA is pleased to announce that we have been once again awarded the 2023 Partner Employer Award. The award was organized by The Hong Kong General Chamber of Small and Medium Business (HKGCSMB) in recognition of our contribution in offering internship and job opportunities to local university students and graduates.
 
The Partner Employer Award, established by HKGCSMB in 2010, aims to foster collaboration between local companies and tertiary institutions, as well as promote the employment of local university students and underprivileged individuals in the community which in turn contribute to social inclusion and the corporate’s sustainable development.
 
We are honored to receive this recognition from HKGCSMB. As a leading advisory firm committed to promoting social inclusion, we will continue to strive for excellence in our efforts to support and nurture local young talent, contribute to the sustainable development and create a better future of Hong Kong.
 
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AVISTA Honored with the 2023 Partner Employer Award from The Hong Kong General Chamber of Small and Medium Business (HKGCSMB)

AVISTA was honored to be invited by Institute of ESG &amp; Benchmark (IESGB) and Institute of Financial Technologists of Asia (IFTA) to attend and be a sponsor of 1st IESGB x IFTA Annual Conference, which took place at Hong Kong Convention and Exhibition Centre (HKCEC) on 20 November 2023. The conference provided an exceptional platform for industry practitioners to engage in discussions and explore the application and future trends of Fintech and ESG.
  With the theme "The New Era of ESG and Fintech: Building Sustainable, Digital Financial Systems" the conference covered a wide range of topics, including HKEX's adherence to and implementation of ISSB requirements, the future trajectory of the virtual asset industry beyond licensing and the application of Regtech in green finance.
 
AVISTA would like to express our deepest gratitude to IESGB and IFTA for granting us the privilege to be a part of this prestigious event. As a leading professional advisory firm, we eagerly anticipate engaging with industry peers, sharing our expertise, and contributing to the sustainable future.
 
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As a Sponsor of 1st IESGB x IFTA Annual Conference

AVISTA Group is pleased to collaborated with The Hong Kong Polytechnic University and announce that we have awarded the prestigious "AVISTA Scholarship 2023" to a year 3 undergraduate student Jenny Wong from the Department of Building and Real Estate. She was an outstanding student and been selected to receive this esteemed scholarship along with an invaluable internship opportunity.
 
The program aims to provide potential students with a unique chance to gain early exposure to the real-world industry and deepen their knowledge in property valuation and advisory services through practical experience. During her placement at our Hong Kong office, Jenny has consistently demonstrated exceptional analytical skills, unwavering motivation, and a genuine passion for the field of valuation. In recognition of her outstanding performance, we are delighted to present her the  scholarship.
 
As a trusted advisor in fixed asset valuation, AVISTA Group firmly believe in supporting and empowering young talents on their journey towards accomplishment and success. We aim to inspire and encourage the next generation of professionals in their pursuit of excellence.
 
We extend our heartfelt congratulations to Jenny Wong on receiving the "AVISTA Scholarship 2023" and wish her continued success in her academic and professional endeavors.

AVISTA Awarded “AVISTA Scholarship 2023” to student from The Hong Kong Polytechnic University

Our Managing Partner, Mr. Vincent Pang, was pleased to be invited once again by The Chinese University of Hong Kong (CUHK) Business School to deliver a business lecture, titled “Driving Sustainable Growth: Integrating Sustainability into Corporate Strategy”, in an undergraduate business course on 16 November. The lecture attracted over 200 undergraduates who attended in person and was also live-streamed to non-business students at CUHK, as well as business students from CUHK’s partner schools.
 
During the lecture, Mr. Pang discussed important topics including strategies for embedding sustainability in corporate frameworks, the role of ESG advisory in shaping business practices and the evolution of ESG reporting. He also shared a valuable career advice for students who interested in engaging in ESG-related industry. Following the presentation, a fireside chat was conducted with Dr Fred Ku, the Associate Dean for undergraduate studies and Director of the Integrated BBA programme. They discussed the ESG trend and opportunities of a company may face in Hong Kong. 
 
As a leading professional advisory firm, AVISTA is honored to have the opportunity to share our knowledge and contribute to the education of future business leaders.
 
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As a Business Lecture Speaker at CUHK Business School Undergraduate Lecture

Congratulations to DDC Enterprise Limited (DDC.US) on its successful listing on NYSE on 17 November 2023.
DDC Enterprise Limited (“DDC”) is a leading content-driven consumer brand that offers a diverse range of easy, convenient ready-to-heat (RTH), ready-to-cook (RTC), and plant-based meal products. DDC is also engaged in the provision of advertising services and operates experience stores that offer cooking classes, enhancing the culinary experiences of its customers.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on the fair values of preferred shares, convertible bonds, share-based payment, and purchase price allocation services.
 
Congratulations again to DDC Enterprise Limited (DDC.US) on its successful listing. The issue price is USD 8.5 per share, and the amount of funds raised is USD 33.15 million.
 
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