Business Valuation

Congratulations to ZG Group (6676.HK) on its completion of the De-SPAC transaction with Aquila Acquisition (7836.HK) and listed on the Mainboard of HKSE on 10 March 2025
 
ZG Group was established in 2012 and is a leading industrial digitalization platform in China. By connecting key participants in the steel trading industry, its platform currently provides a one-stop B2B comprehensive service covering the entire value chain of steel trading, including online steel transactions, logistics, warehousing and processing, SaaS products, and big data analytics.
 
With regard to this De-SPAC application, AVISTA Group is honored to be engaged in providing the valuation service in relation to the fair value assessment of promoter warrants and promoter earn-out rights. The negotiated value of ZG Group under the De-SPAC transaction is HKD 10.004 billion, and the amount of funds raised by PIPE investors is approximately HKD 540 million. 
 
<img src="../../../../../../../uploads/Slide1_8114088bb4.JPG" alt="" width="960" height="720" />

banner1

 Congratulations to ZG Group (6676.HK) on its completion of the De-SPAC transaction with Aquila Acquisition (7836.HK) and listed on the Mainboard of HKSE on 10 March 2025

Congratulations to Guming Holdings Limited (1364.HK) on its successful Listing on the Mainboard of HKSE on 12 February 2025
 
Guming Holdings Limited (“Good me”) has grown into a fast-growing freshly-made beverage company in China after 14 years of development. Good me currently has over 9,900 stores across the country, covering 19 provinces and more than 200 cities. In 2023 alone, the total number of drinks sold is about 1.2 billion cups.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the fair values of preferred shares, employee share options and financial asset.
 
Congratulations again to Guming Holdings Limited (1364.HK) on its successful listing. The issue price is HKD 9.94 per share, and the amount of funds raised is HKD 1813million.
 
<img src="../../../../../uploads/Slide1_6f7e575662.jpeg" alt="" width="500" height="375" />

Congratulations to Guming Holdings Limited (1364.HK) on its successful Listing on the Mainboard of HKSE on 12 February 2025

Congratulations to Diginex Limited (DGNX.US) on its successful Listing on NASDAQ on 22 January 2025
 
Diginex Limited (“Diginex”) was founded in 2020, Diginex engages in the provision of environmental, social, and governance (ESG) reporting solution services, supply chain due diligence solutions services, advisory services, and developing customization solutions in Hong Kong, the United Kingdom, and the United States. Through its subsidiaries, the company utilizes the latest blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action. Highlights of its suite of products include digninexESG, a cloud based ESG platform that offers end to end reporting from topic discovery, data collection, and collaborative report publishing services and diginexLUMEN, which allows companies to execute supply chain risk assessment.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to the fair values of preferred shares, convertible loan notes, warrants, put option and employee share options.
 
Congratulations again to Diginex Limited (DGNX.US) on its successful listing. The issue price is USD 4.1 per share, and the amount of funds raised is USD 9.23 million.
 
<img src="../../../../../../../uploads/Screenshot_2025_01_23_at_12_47_40_PM_065b5269ca.png" alt="" width="600" height="464" />

 Congratulations to Diginex Limited (DGNX.US) on its successful Listing on NASDAQ on 22 January 2025

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), Association of Hong Kong Capital Market Practitioners Limited (HKCMP) and The Hong Kong Institute of Directors (HKIoD) to attend and sponsor the Hong Kong Capital Markets Forum 2025.
 
The forum, titled "Enhancing Economic Vitality and Strengthening Competitiveness," has invited Mr. Paul Chan Mo-Po GBM, GBS, MH, JP, the Financial Secretary of the HKSAR Government, to deliver the opening speech. This forum aims to explore the development of the Chinese capital markets and Hong Kong’s role, innovations in the Hong Kong capital markets, the current status and future trends of Hong Kong, as well as ways to attract domestic and international investors. It also examined innovative financial and business models to address challenges such as fluctuations in the economic environment and geopolitical issues, enabling Hong Kong to respond to challenges and seize opportunities.
 
AVISTA is delighted to be part of this esteemed forum, alongside 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 2025. We will bring our expertise in advisory services to support the growth and development of Hong Kong's economic vitality.
 
<img src="../../../../../uploads/IMG_9931_2_29a84e8a8f.jpg" alt="" width="600" height="372" />
 
<img src="../../../../../uploads/IMG_6990_2_2_2207f7eb8d.jpg" alt="" width="600" height="397" />

As a Sponsor of Hong Kong Capital Markets Forum 2025

Congratulations to Beijing Saimo Technology Co., Ltd. (2571.HK) on its successful Listing on the Mainboard of HKSE on 15 January 2025
 
Beijing Saimo Technology Co., Ltd. is a technology company in the PRC focusing on intelligent connected vehicle (“ICV”) simulation testing technologies, and primarily engaged in the design and R&amp;D of ICV simulation testing products and the provision of related testing, validation and evaluation solutions. ICVs refer to a new generation of vehicles that are equipped with advanced on-board sensors, controllers, actuators and other devices, and integrating advanced communication and network technologies.
 
 With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to financial asset and financial instrument.
 
Congratulations again to Beijing Saimo Technology Co., Ltd. (2571.HK) on its successful listing. The issue price is C12.99  per share, and the amount of funds raised is HKD 358.6 million.
 
<img src="../../../../../uploads/Screenshot_2025_01_15_at_3_22_21_PM_a1b6556932.png" alt="" width="600" height="462" />

 Congratulations to Beijing Saimo Technology Co., Ltd. (2571.HK) on its Successful Listing

AVISTA Group is honored to be invited to be a participating company in the Heep Yunn School Work Experience Placement Programme once again, to nurture young talent and providing valuable learning opportunities.
This initiative allows us to provide 2 talented Form 4 students, Eunice and Amy from Heep Yunn School for a 4-day work placement, offering them a firsthand experience on workplace of the business valuation advisory industry. We believe that empowering the next generation of business valuation leaders by sharing our expertise and industry insights with Heep Yunn students. For Helping shape their future careers, we aim to equip them with practical skills and knowledge. This collaboration between AVISTA Group and Heep Yunn School exemplifies our dedication to supporting education and fostering talent development.
 
<img src="../../../../../uploads/IMG_3939_18e174293e.JPG" alt="" width="674" height="505" />

 As a Participating Company in Heep Yunn School Work Experience Placement Programme 2025

Our Managing Partner, Mr. Vincent Pang, was pleased to be invited by the Career Development and Corporate Engagement Office of The Chinese University of Hong Kong (CUHK) to co-host a seminar – “Landing a Job in HK” on 9 January. Mr Pang presented a session with the topic of “Charting Your Path to Success: Starting a Career in Business Valuation and ESG Advisory” and shard insights into the valuation and ESG advisory industry to the classroom.
Leveraging our industry experience and expertise, Mr Pang introduced the prospect and offered comprehensive in-house knowledge with advice to the students to prepare themselves as an all-around corporate advisor. In addition, Vincent also shared his journey of being founder of AVISTA Group, tips of becoming a professional business valuation analyst, ESG consultant in AVISTA, our career opportunities and support to these future leaders.
 <img src="../../../../../uploads/IMG_0075_2_7a10cae527.jpg" alt="" width="1000" height="750" />
<img src="../../../../../uploads/IMG_4966_2_dafdad0594.jpg" alt="" width="1000" height="750" />
<img src="../../../../../uploads/IMG_3939_c0ef8b98ce.JPG" alt="" width="750" height="1000" />