This year, AVISTA is pleased to be one of the participating companies, once again, in the Heep Yunn School Work Experience Placement Programme to offer a 4-day work placement for four Form 4 students from Heep Yunn School, enabling them to gain first-hand experience on workplace and early exposure in business valuation advisory industrial practice.
 
Connecting academic learning and knowledge to the real-world working environment, we are glad to empower younger generation to refine their skill set and gear up for their future career.
 
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As a Participating Company in Heep Yunn School Work Experience Placement Programme 2023

Happy Chinese New Year! Wishing you and your loved ones a joyful and prosperous new year. May the year of the Rabbit bring you good health, immense fortune, and great success in every aspect of your life.
 
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2023 Chinese New Year Greetings from AVISTA Group

Runhua Living Service Group Holdings Limited (2455.HK) has been successfully listed on the Mainboard of HKSE on 17 January 2023. AVISTA Group is honored to be engaged in providing valuation services in relation to the fair value, market value and market rent for the investment properties located in Jinan City, Shandong Province, the PRC.
 
Runhua Living Service Group Holdings Limited operates as a comprehensive property management service provider. The Company provides property management services, property engineering development, property investment, and other services. Runhua Living Service Group Holdings Limited also offers landscape construction services.
 
Since their establishment, the company has been primarily focusing on the provision of their services in Shandong Province and upholding their strategy of “Shandong Focus”. Over the years, they have gradually expanded their geographic presence from Jinan to cover 15 of the 16 prefecture-level cities in Shandong Province and other cities in the PRC, such as Beijing and Shenzhen.
 
With long history in property management industry and have built up stable business relationship with major customers, their expertise and experience in managing hospitals and public properties allow them to strengthen their property management capabilities to cater for the customers’ high-standard requirement of specialized services. Moreover, the company is with diversified customer base encouraging them to continuously develop their property portfolio and types of services, and ultimately expands their revenue streams. Achieving operational and cost efficiency improvement through their standardized property management methodologies together with utilization of advanced information technology in their daily operations, Runhua Living Services Group Holdings Limited is empowered to have stringent quality control and high safety standard and environmental impact control to provide their customers with sustainable and high-quality services.
 
Congratulations again to Runhua Living Service Group Holdings Limited (2455.HK) on its successful listing. The issue price of the shares is HKD 1.70 per share, and the amount of funds raised is HKD 89.4 million.
 
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Congratulations to Runhua Living Service Group Holdings Limited (2455.HK) on its Successful Listing

Our Managing Partner, Mr. Vincent Pang was pleased to be invited by The Hong Kong Independent Non-Executive Director Association (HKiNEDA) to deliver a topical webinar titled “SPAC and Its Valuation” on 12 January 2023.
 
Given the new regime of Special Purpose Acquisition Company (SPAC) listing announced by The Hong Kong Stock Exchange, SPAC has been a new market opportunity for Hong Kong businesses and professional investors. The webinar, hence, delved into SPAC listing and related valuation practices thoroughly. Areas including SPAC features, SPAC listing requirements and its benefits, valuation requirements and methodology are covered with real case sharing.
 
With several successful SPAC listings valuation experiences, AVISTA always strives to keep abreast of the prevailing market trends and constantly provides our clients with high-quality professional services.
 
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As the Speaker of HKiNEDA seminar “SPAC and its Valuation”

Our Managing Partner, Mr. Vincent Pang, was pleased to be invited as a mentor in the HKU Business School Mentorship Programme and CUHK Mentorship Programme (CUMP).
 
As a professional advisor with profound industry experience, Vincent is keen to give advice and share insightful ideas with his talented and proactive mentees, Justin Anderson Cai, an HKU Final Year student majoring in BBA Accounting and Finance, and Katherine Kwong, a CUHK Year 3 student majoring in Integrated BBA Programme, who are with bright minds, strong motivation and passion in their field of study.
 
Enabling young talents to understand the nuances of the real business world and giving direction on their career path planning, Vincent is delighted to help inspire future leaders to pursue their aspirations and empower them to enhance their personal and career growth by unearthing their highest potential.
 
Best wishes to Justin and Katherine for their career adventure!
 
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As a mentor in the HKU Business School and CUHK Mentorship Programme

Merry Christmas and Happy New Year! As 2022 is almost to an end, we would like to take this chance to express our warmest gratitude for our clients’ continued support and wish you and your loved ones a joyful Christmas and a prosperous new year.
Thank you for all our people for the efforts they have put this year. Without the teamwork and determination of everyone in AVISTA, achieving the goal would not be possible. May this season bring all of you full of brightness, laughter, and blessings throughout the coming year.
 
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2022 Season’s Greeting from AVISTA Group

TechStar Acquisition Corporation (7855.HK) has been successfully listed on the Mainboard of HKSE on 23 December 2022. AVISTA Group is honored to be engaged in providing valuation services in relation to the fair value assessment of public warrants, promoter shares and warrants with regards to this listing application.
TechStar Acquisition Corporation (“TechStar”) is a special purpose acquisition company (SPAC) that intends to focus their efforts on identifying high-growth De-SPAC Targets in the “new economy” sector in China, including but not limited to innovative technology, advanced manufacturing, healthcare, life sciences, culture and entertainment, consumer and e-commerce, green energy and climate actions industries that align with the national economic trends and industrial policies.
 
With regards to this listing application, CNCB Capital, Zero2IPO Group, Zero2IPO Capital, Mr. NI Zhengdong, Mr. LI Zhu and Mr. LAU Wai Kit are the Promotors.
 
TechStar expects to deploy its network, industry expertise and deal-sourcing capabilities of its Promoters and Directors to develop a robust pipeline of potential targets. The company intended to leverage their experiences in sourcing investment or acquisition opportunities through Promoters’ extensive network to identify high-quality De-SPAC Targets with long-term growth potential, evaluate and conduct company-specific analysis and due diligence reviews, and negotiate, structure and execute M&amp;A and other capital markets transactions. Meanwhile, TechStar will invest, operate and advise on transactions and companies in new economy sector, expand and strengthen partnerships with industry leaders and stakeholders, provide consulting advice to companies across marketing, branding, general business operations, recruiting talents and financial matters, and empower the Successor Company with financial services and intra-industrial networks in pursuit of its business strategy.
 
For the De-SPAC Target, TechStar will seek for high-quality target company with competitive edges in a new economy sector in China with a differentiated value proposition and product or service barriers that align with economic trends and national industrial policies with favorable long-term growth prospects. The De-SPAC Target may possess large consumer or business market with differentiated products and services as its unique competitive edges. The management team shall be ethical, professional and responsible in pursuit of ESG values. With above De-SPAC transaction criteria, TechStar will provide strong and visionary management team that can create significant value for the De-SPAC target and to be benefited from being a public company. Thereby, generating attractive returns for TechStar’s Shareholders.
 
Congratulations again to TechStar Acquisition Corporation (7855.HK) on its successful listing. The issue price of the shares is HKD 10 per share, and the amount of funds raised is HKD 1.0 billion.
 
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