Our Managing Partner, Mr. Vincent Pang, had the honor of being invited as a guest speaker by the Beijing Appraisal Society for the 2024 International Top Talent Asset Valuation Training Program. The training, held successfully from September 21st to 27th, 2024, in Suzhou, featured Mr Pang delivering two impactful speeches.
 
The first lecture, titled "Cross-border Valuation – Project Management and Coordination + An Introduction to ESG Related Services," shed light on the complexities of asset valuation, emphasizing the significance of project management and coordination. Mr Pang also introduced the audience to the growing importance of ESG factors in valuation, showcasing the evolving landscape of sustainable and responsible investing.
 
In his second lecture, "Consideration of ESG Factors in Valuation," Vincent delved deeper into the integration of ESG factors into the valuation process. He provided valuable insights on how ESG considerations can influence asset valuation, stressing the importance of incorporating sustainability and ethical practices into financial decision-making.
 
AVISTA is committed to sharing our expertise and contributing to the advancement and knowledge sharing within the high-end asset valuation industry.
 
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As a Guest Speaker at the 2024 International Top Talent Asset Valuation Training Program

Carote Ltd (“Carote”) offer a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, Carote Ltd ’s offerings aim to meet the varied needs of different kitchen scenarios and enhance the culinary experience of customers. As of the Latest Practicable Date, Carote Ltd ’s product portfolio consisted of SKUs across different kitchenware categories, including cookware, kitchen utensils, drinkware, among others.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing restricted stock unit related valuation service.
 
Congratulations again to Carote Ltd (2549.HK) on its successful listing. The issue price is HKD 5.78 per share, and the amount of funds raised is HKD 75 million. <img src="../../../../../uploads/Slide1_636b4c9d9f.png" width="500" />

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Congratulations to Carote Ltd (2549.HK) on its successful Listing on the Mainboard of HKSE on 2 October 2024

As the Chairman of Jury Panel of the IESGB ESG Achievement Awards 2023-2024 and a Speaker at the Awards Presentation Ceremony
 
Our Managing Partner, Mr. Vincent Pang, was privileged to be invited as the Chairman of Jury Panel for the fourth consecutive year for the Institute of ESG &amp; Benchmark (IESGB)’s ESG Achievement Awards this year. He also had the honor of serving as a speaker and awards presenter at the Awards Presentation Ceremony held at the JW Marriott Hotel Hong Kong on 25 September 2024.
 
Under the theme "Driving Positive Change: Innovation in Sustainable Practices and Responsible Risk Management," the Awards aimed to recognize and celebrate organizations that have demonstrated outstanding commitment to sustainability, ethical business practices, and effective risk management strategies.
 
Co-organized by The Institute of Financial Technologists of Asia (IFTA) and supported by the ESG Data Partner, Hang Seng Indexes Company Limited (HSIL), the Awards ceremony commenced with a welcome speech by Mr. Paul Pong, Co-Founder of IESGB, and Ms. Anita Mo, Chief Executive Officer of HSIL. Mr. Pang also had the privilege of delivering a keynote address, expressing his delight at the submissions showcasing real-world impact and leadership in sustainability. He expressed gratitude for the role of the ESG Achievement Awards in advancing sustainability and innovation in Hong Kong and beyond.
 
The Awards celebrated the exceptional contributions of 41 winning organizations across 9 award categories, encapsulating the ethos of organizations and professionals who act as catalysts for positive transformation through their sustainable practices. Among the winners were industry leaders such as Henderson Land Development Company Limited, Sino Land Company Limited, Kerry Properties Limited, Yau Lee Holdings Limited, Bank of China (Hong Kong) Limited, Tam Jai International Co. Limited and Chinachem Group.
 
In today's business landscape, ESG considerations play a crucial role in driving sustainable practices and enhancing long-term value creation. AVISTA Group is honored to witness the rapid evolution of ESG globally and actively participate in it, aspiring to see even greater progress in the future.
 
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As the Chairman of Jury Panel of the IESGB ESG Achievement Awards 2023-2024 and a Speaker at the Awards Presentation Ceremony

AVISTA Group was honored to be invited by the ESG Seasonal Forum as the sponsor of the 2024 China ESG Summit - Consumer Goods Industry. The conference, themed “Enhancing ESG Standards, Building a Sustainable Future Together,” was successfully held on September 5th and 6th, 2024, in Shanghai.
 
Our Managing Partner, Mr. Vincent Pang, had the honor of delivering a speech titled “Driving Brand Value: Harnessing the Power of ESG Integration,” emphasizing the crucial role of ESG integration in enhancing brand value. His insights provided attendees with valuable guidance on effectively implementing ESG strategies in the consumer goods industry.
 
The Summit showcased practical experiences from consumer goods companies, offering insights into ESG trends in China, sustainable consumption in the Asia-Pacific region and China and shifts in consumer behavior. Attendees have gained valuable knowledge on achieving environmental goals through sustainable supply chains and leveraging digitalization for improved ESG outcomes, enhancing their understanding of current trends and challenges in ESG for consumer goods.
 
We extend our appreciation to the organizers for the invitation, allowing us to share our expertise and engage with industry peers. Together, we are dedicated to exploring and promoting the comprehensive implementation and innovative practices of ESG in businesses, striving to uphold commitments to sustainable development.
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As a Guest Speaker and Sponsor at the 2024 China ESG Summit - Consumer Goods Industry in Shanghai

AVISTA Group is honored to have been invited by Hong Kong Seeding's Culture Youth Exchange Centre (“Seeding’s Culture”) to participate in the Project Summary and Corporate Gratitude Ceremony of Young Talent GCE Internship Scheme. The ceremony was successfully held on 29 August 2024 at the Beijing Democratic Party People's Group Building. This year marks the second year of collaboration between AVISTA and Seeding's Culture. We are privileged to offer valuable internship opportunities to students from universities in Hong Kong.
 
In the past two months, the Shanghai and Beijing offices of AVISTA Group welcomed a group of enthusiastic interns from prestigious institutions such as the University of Hong Kong, the Chinese University of Hong Kong, and the Hong Kong University of Science and Technology. During the one-month internship, the students not only participated in financial analysis projects like corporate valuation and M&amp;A transaction analysis but also gained a deep understanding and practical experience in the field of corporate advisors.
 
AVISTA Group believes that by combining education and practical experience, we can enhance the professional skills of young individuals. As a leading advisory firm in the Greater China region, with talent and branches in both mainland China and Hong Kong, we look forward to further collaboration with the Hong Kong Seeding's Culture Youth Exchange Centre to establish internship and employment platforms for more students, contributing to the sustainable development of society.
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Welcome the cohort of summer interns from Young Talent GCE Internship Scheme 2024

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As the Professional Development Partner of the IVAS-IVSC Business Valuation Conference 2024 in Singapore

Congratulations to TYK Medicines, Inc (2410.HK) on its successful listing on the Mainboard of HKSE on 20 August 2024.
 
TYK Medicines, Inc (“TYK”) is a clinical-stage biopharmaceutical company committed to the discovery, acquisition, development and commercialization of differentiated targeted therapies to address unmet medical needs in cancer treatment. Since TYK inception in 2017, TYK has built a pipeline with 11 drug candidates, including Core Product TY-9591, six clinical stage products, and four preclinical stage or early clinical development stage products.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation analysis in connection with the fair value of preferred shares, impairment test of intangible assets, fair value of RSU and property investment.
 
Congratulations again to TYK Medicines, Inc (2410.HK) on its successful listing. The issue price is HKD12.10 per share and the amount of funds raised is HKD579 million.
 
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