Business Valuation

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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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

🎄✨ 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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As a Participating Company in Heep Yunn School Work Experience Placement Programme_2025

CiDi Inc. is a leader in intelligent driving products and solutions for commercial vehicles in China, focusing on autonomous mining trucks and logistics vehicles in closed environments, V2X technology, and intelligent perception solutions.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to financial guarantee, expected credit losses, equity investments, employee stock options and impairment testing of cash-generating units.
Congratulations again CiDi Inc.（3881.HK） on its successful listing. The issue price of the shares is HKD 263 per share, and the amount of funds raised is HKD 1.4223 billion.
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Congratulations to CiDi Inc.（3881.HK） on its successful Listing on the Mainboard of HKSE on 19 Dec 2025

AVISTA Group is delighted to have been invited by the Hong Kong Independent Non-Executive Directors Association (HKiNEDA) to attend its flagship Annual Conference 2025. The conference was successfully held on 6 December 2025 at the Hong Kong Convention and Exhibition Centre.
Under the theme “Opportunities and Challenges for INEDs in Dual Listing Wave, Digital Asset Era &amp; AI-Driven Risk”, the half-day conference focused on three transformative areas: the surge in dual listings, the rise of digital assets and Web3, and AI-driven governance risks. Against a backdrop of global capital markets undergoing profound change — where dual listings are becoming the new norm and the explosive growth of digital assets and AI technologies bring both unprecedented opportunities and ethical challenges — the role of INEDs is evolving from compliance gatekeepers to strategic navigators. The event featured insightful keynote speeches and panel discussions, providing forward-looking guidance on how independent directors can best steer boards through this new era.
The conference brought together a vibrant gathering of independent directors, regulators, listed-company leaders and governance professionals for an enriching day of dialogue on how INEDs can best steer boards through today’s transformative era.
Our Managing Partner, Mr. Vincent Pang, was honoured to serve as a panelist in the discussion “Role of INEDs in the New Era Dual-Listing IPO Wave”. Mr Pang shared practical insights on how independent directors can effectively oversee cross-border compliance, valuation alignment, and risk governance in today’s fast-evolving dual-listing environment, helping boards turn regulatory complexity into competitive advantage.
AVISTA Group remains deeply committed to advancing valuation excellence and robust governance practices across Greater China. We extend our heartfelt thanks to HKiNEDA for another inspiring and impactful conference.
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